Comments on: Price controls are okay because most trades create enormous value http://stephenmonrad.com/blog/economicsidea/price-controls-are-okay-because-most-trades-create-enormous-value/ The blog is about alternative economics and the book I am writing about my economic ideas. Mon, 12 Apr 2010 04:35:30 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Stephen Monrad http://stephenmonrad.com/blog/economicsidea/price-controls-are-okay-because-most-trades-create-enormous-value/comment-page-1/#comment-1096 Stephen Monrad Tue, 23 Jun 2009 22:55:30 +0000 http://stephenmonrad.com/blog/?p=396#comment-1096 Robert. I think you and I are thinking along similar lines. We both agree that inflation is a problem. The big question is how to control it without killing the economy. Robert.

I think you and I are thinking along similar lines. We both agree that inflation is a problem. The big question is how to control it without killing the economy.

]]> By: Robert Searle http://stephenmonrad.com/blog/economicsidea/price-controls-are-okay-because-most-trades-create-enormous-value/comment-page-1/#comment-1091 Robert Searle Tue, 23 Jun 2009 11:57:57 +0000 http://stephenmonrad.com/blog/?p=396#comment-1091 Stephen, It seems to me that your latest blog communications were inspired in part by my posts on the Facebook discussion website dealing with my developing project of Transfinancial Economics.This is nice to see...and clearly you are thinking "deeply" about price fluctuations in connection with inflation. Hopefully, after about July 1st 2009 I will have a clearer p2pfoundation entry on TFE. I assume you have heard of Social Credit which played a part in Canadian history. Ofcourse, its ideas as presented by Clifford Douglas were "discredited" but I feel he was possibly ahead of his time. Stephen,

It seems to me that your latest blog communications were inspired in part by my posts on the Facebook discussion website dealing with my developing project of Transfinancial Economics.This is nice to see…and clearly you are thinking “deeply” about price fluctuations in connection with inflation.

Hopefully, after about July 1st 2009 I will have a clearer p2pfoundation entry on TFE.

I assume you have heard of Social Credit which played a part in Canadian history. Ofcourse, its ideas as presented by Clifford Douglas were “discredited” but I feel he was possibly ahead of his time.

]]> By: Stephen Monrad http://stephenmonrad.com/blog/economicsidea/price-controls-are-okay-because-most-trades-create-enormous-value/comment-page-1/#comment-1080 Stephen Monrad Mon, 22 Jun 2009 20:19:16 +0000 http://stephenmonrad.com/blog/?p=396#comment-1080 Eric You got it right. Price controls won't get prices right either. I don't know if they will be better or worse in terms of being rational and helping people optimize their purchases. What I am arguing is that it doesn't really matter. Eric

You got it right. Price controls won’t get prices right either. I don’t know if they will be better or worse in terms of being rational and helping people optimize their purchases. What I am arguing is that it doesn’t really matter.

]]> By: Eric Monrad http://stephenmonrad.com/blog/economicsidea/price-controls-are-okay-because-most-trades-create-enormous-value/comment-page-1/#comment-1079 Eric Monrad Mon, 22 Jun 2009 20:10:41 +0000 http://stephenmonrad.com/blog/?p=396#comment-1079 Stephen, You've argued previously that prices aren't being set correctly currently. Would it be fair to say that in a price-controlled economy, they still won't be "right", but it's hard to say whether they will be better or worse, or by how much, than they are today? Could you also expand on the kinds of things you are thinking of when you say "the problems of not getting prices exactly right"? Eric Stephen,

You’ve argued previously that prices aren’t being set correctly currently. Would it be fair to say that in a price-controlled economy, they still won’t be “right”, but it’s hard to say whether they will be better or worse, or by how much, than they are today?

Could you also expand on the kinds of things you are thinking of when you say “the problems of not getting prices exactly right”?

Eric

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