4 ms·

"I'll leave predicting the future to you and Ray Kurzweil." Except that you did try to predict the future earlier. Energy prices haven't risen much yet. You ha

by jshen 16y ago

"I'll leave predicting the future to you and Ray Kurzweil." Except that you did try to predict the future earlier. Energy prices haven't risen much yet. You have an odd pattern of dodging my main point, and picking at tangential details. Btw, I put a caveat on the house thing, I live in a major city and I'm sure it's different in most parts of the country. I'll bet this changes when driving long distances to work becomes much more expensive.

yummyfajitas 16y ago
I didn't try to predict the future - I explicitly qualified that everything I wrote applied only under certain circumstances: "If the past 40 years are a guide to the future..." You even quoted my qualification. As for dodging your main point, let me address it more carefully now. You seem to believe that incomes (by which I assume you mean income adjusted for CPI) is decreasing. And yet, over a period in which CPI adjusted incomes remained flat, quality of life dramatically increased. So why do you believe that decreasing CPI-adjusted incomes are worth worrying about?
- jshen 16y ago
  " why do you believe that decreasing CPI-adjusted incomes are worth worrying about?" I've said it at least three times already. Because it is highly probable that energy prices are going to increase significantly. Btw, how do you measure quality of life. I always find it funny when people throw around that term relating to economics.
  - yummyfajitas 16y ago
    You are concerned oil prices might increase by a factor of 8? Like in the 70's? http://www.marketoracle.co.uk/Article1375.html http://www.marketoracle.co.uk/Article1375.html In any case, I'm not sure what this has to do with CPI-adjusted incomes. By quality of life, I'm only estimating the direction of change rather than the magnitude. I'm assuming that having more stuff is better - I'm happier with flush toilets/a washing machine/Bioshock than without.

by jshen 16y ago

yummyfajitas 16y ago

I didn't try to predict the future - I explicitly qualified that everything I wrote applied only under certain circumstances: "If the past 40 years are a guide to the future..." You even quoted my qualification. As for dodging your main point, let me address it more carefully now. You seem to believe that incomes (by which I assume you mean income adjusted for CPI) is decreasing. And yet, over a period in which CPI adjusted incomes remained flat, quality of life dramatically increased. So why do you believe that decreasing CPI-adjusted incomes are worth worrying about?

jshen 16y ago
" why do you believe that decreasing CPI-adjusted incomes are worth worrying about?" I've said it at least three times already. Because it is highly probable that energy prices are going to increase significantly. Btw, how do you measure quality of life. I always find it funny when people throw around that term relating to economics.
- yummyfajitas 16y ago
  You are concerned oil prices might increase by a factor of 8? Like in the 70's? http://www.marketoracle.co.uk/Article1375.html http://www.marketoracle.co.uk/Article1375.html In any case, I'm not sure what this has to do with CPI-adjusted incomes. By quality of life, I'm only estimating the direction of change rather than the magnitude. I'm assuming that having more stuff is better - I'm happier with flush toilets/a washing machine/Bioshock than without.