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Old 09-07-2011, 07:21 PM
popcorn_karate popcorn_karate is offline
 
Join Date: May 2007
Posts: 1,644
Default Re: Values Added: Monagamish Edition (Dan Savage & Ross Douthat)

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Originally Posted by sugarkang View Post
Ah, well. As long as we're agreed that you lost the argument on the actual merits.
speaking of old arguments unresolved...

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Originally Posted by sugarkang View Post
Measuring oil by gold, the price per gallon is something like 25 cents.
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Originally Posted by popcorn_karate View Post
1) if we measure both gold and oil by dollars, why when gold and oil are measured against each other would this difference manifest?

i.e. 1 oz of gold = 1800 dollars and one gallon of gas equals 4 dollars, so shouldn't a gallon of gas be worth 1/450 of an ounce of gold?


2) if you are measuring oil by gold, how can you end up with units of "cents"?

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Originally Posted by sugarkang View Post
It's $1,900 now.

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Originally Posted by popcorn_karate View Post
is that an admission that the rest of your post made zero sense? if you have some way to explain what you were thinking...

anything to add? Your posts above don't give me much confidence in your thinking about economics.
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