Comments on: Commodities Poised to Crash Again Soon? http://www.economicsjunkie.com/commodities-poised-to-crash-again-soon/ True Economics Applied in the Real World Fri, 10 Feb 2012 18:24:09 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Nima http://www.economicsjunkie.com/commodities-poised-to-crash-again-soon/comment-page-1/#comment-2910 Nima Tue, 21 Jul 2009 18:31:28 +0000 http://www.economicsjunkie.com/?p=2525#comment-2910 As you certainly know, it would do what any <a href="http://www.economicsjunkie.com/praxeology/economics/economics-of-voluntary-action/value-preference/price/" rel="nofollow">price</a> does: Express people's differing <a href="http://www.economicsjunkie.com/praxeology/economics/economics-of-voluntary-action/value-preference/" rel="nofollow">value preferences</a>, provide a signal to <a href="http://www.economicsjunkie.com/praxeology/economics/economics-of-voluntary-action/economic-functions/entrepreneur/" rel="nofollow">entrepreneurs</a>, and bring supply and demand into balance... :) As you certainly know, it would do what any price does: Express people’s differing value preferences, provide a signal to entrepreneurs, and bring supply and demand into balance… :)

]]> By: Rob http://www.economicsjunkie.com/commodities-poised-to-crash-again-soon/comment-page-1/#comment-2909 Rob Tue, 21 Jul 2009 18:25:14 +0000 http://www.economicsjunkie.com/?p=2525#comment-2909 Nima, Excellent analysis. I ask the question to my friends all the time, and get blank stares, what would $5 dollar oil do to the world? Similar question i am asking to you, what would $20 oil do to the world? Rob Nima,

Excellent analysis. I ask the question to my friends all the time, and get blank stares, what would $5 dollar oil do to the world? Similar question i am asking to you, what would $20 oil do to the world?

Rob

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