Ted Wayz, on 25 February 2016 - 10:42 PM, said:
Wow. Nice terms.
Fungible- able to replace or be replaced by another identical item; mutually interchangeable.
So it is ironic that, by trying to throw out terms from freshman economics, you are making my point.
I am well beyond freshman economics.
But by all means please try and insult my credentials which you have no knowledge of. I am very secure in my knowledge.
Some kinds always are - but while you're correct that internet claims to credentials cannot be verified, you've completely misunderstood the implications of that fact. See, it applies to your assertion that you're "well beyond freshman economics," and "very secure" in your knowledge, etc. - I can and will safely ignore those claims as the meaningless posturing they are - but not to my assessment of your initial post. My assessment of your knowledge was based on your incorrect argument, and not an attack on your "credentials." For myself, I am well beyond the amateur-hour sophistry you're attempting here - which is incidentally about on par with your economic reasoning.
Either you're this grandiose financier that you claim to be, or you're not - it really doesn't matter. What matters is whether or not your ideas hold up, and I have some bad news for you. Your initial post contains multiple logical and economic errors, including a straw man fallacy to start your first paragraph. Given that PGI
has resources (meaning people,) that do non-fungible things, it's not really an
optional expense to
pay them! These are not temps that you call in when you want them - they're skilled workers with rents and mortgages and bills to pay on a regular basis, and they need a regular job. But you don't care about that: people are like 'mech components, and the c-bills spent on a PPC can't be used to buy Heat Sinks, after all - you must be correct!
Don't worry about the possibility that simply adding more people to a task may produce diminishing returns; if two programmers is workable, two hundred must be better! Assume that all of the money for the tournament you're
really complaining about comes out of the same big money pile, and that there are no sponsors or investments involved; assume that the visibility and interest generated by the tournament
cannot possibly be worth the investment long-term! Forget all those niggling little
details, like the opportunity cost of not having an art department because you treated them all like temp labor; don't worry about the possibility that, just maybe, different skillsets may command different salaries; or that the return for money invested in one area may not be the same as others - just misapply one simple (freshman) principle, and call it good. After all, you gave a
definition - this establishes your position as the expert, so no one can question you!
If all it takes to correct your self-absorbed critique is "freshman" economics, your self-satisfied confidence in your opinion is merely the arrogance of the ignorant.
Edited by Void Angel, 26 February 2016 - 11:22 AM.