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A discussion on America and Iran and the economics of the society you'd like inhabit

El Stuntman · 2007-04-05 09:28:52

hmm, first time I've seen anyone postulate that a fundamentalist theocracy and a democracy are effectively the same thing. :confused: I know I'd prefer New York to Tehran any day of the week

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#62 10-04-2007 5:30pm
nesf

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Ibid wrote:

Correction: the prices are all equal because people adapt them to suit.

I'm not sure what your point is here. Arbitrage does happen in the financial markets, it just doesn't exist for very long (people jump on it and the demand increases etc etc). But people don't "adapt the prices to suit", that implies some form of central or communal concious control of market prices which isn't the case.

Also, perfect competition? Eh? It's a nice concept but are you actually saying it exists in the financial markets?

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#63 10-04-2007 5:39pm
[Deleted User]
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nesf is correct - arbitrage is traded out, and this is because people profit from it, not because it doesn't suit people.

Though I think we are all arguing the same point here...

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