Help Fight America's Oil Crisis
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Help Fight America's Oil CrisisExpand / Collapse
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7/21/2008 8:53 AM


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-M- (7/14/2008)
In the world of zero sum games its better to be a bigger fraud than a lesser fraud. And trust me this world is a zero sum game. If it werent there would be free lunchs lying around all over the place.


I think someone needs to look up the term "Comparative advantage".
7/21/2008 8:58 AM
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Ye what of it & how does that apply to this?
7/22/2008 7:24 AM


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T Boone Pickens interview with Dobbs

I'm sure y'all heard of this guy recently in the news.
7/24/2008 5:52 PM


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-M- (7/21/2008)
Ye what of it & how does that apply to this?


If I have something you need more than me, and you something I need more than you, we trade. Both are better off. The gain of one is not an equivalent loss for the other, i.e. it is not a zero-sum game.
8/9/2008 2:21 PM


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It seems to me that the oil crisis, and energy policy in general, is quickly taking over the national debate and shaping the election discussion. No doubt.

I heard O'Reilly mention that the government needs to mandate that 75% of new vehicles are flex-fuel engine equipped, that this will force the hand of the gasoline companies to market alternatives to gasoline because they will be assured that there will be a greater demand for the alternatives, and that he is generally opposed to government interference in such matters but that the issue of national security, regarding the fact that we are so dependent on foreign oil from unfriendly parts of the world, trumps all. Interesting...
9/6/2008 12:47 PM
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If I have something you need more than me, and you something I need more than you, we trade. Both are better off. The gain of one is not an equivalent loss for the other, i.e. it is not a zero-sum game.

Better off in what regard? In feeling? For when an item is traded, 1 party loses the traded item, while the other party gains. So comparative advantage is in perception. The actual phisical stuff is lost or gained, therefore it is zero sum. It matters not that you value ur oil less than the guy that is willing to pay for it with dollars. How many a people have been sorry for the decisions of their predecisors. The russian tsar sold Alaska, for he thought what use he has for some extra tundra when he has so much of it already. But then the following generations condemned that action. On the one hand comparative advantage would state: "The tsar gained dollars for what was marginally less valuable to him, therefore both sides gained" But that overlooks the fact that controll of that material posession was still lost. Furthermore consiquent developments have shown that Alaska was sold dirt cheap too.

In any case, value of traded items stem from our current needs. Our current needs are temporal, therefore value we attach to our posessions are temporal and are subject to change. State of our current needs does not negate the fact that a bottle of watter is a bottle of water and will be gone if we traded it for something else. Comparative advantage argument has merit, but one that does not apply here.

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