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  1. Mad Indian

    Basic economy questions

    Wow. Just wow. This is the best you can come up with? Since Europeans/americans engage in welfare, welfare must be ok? You dont find that reasoning to be stupid? Netherlands I think allows pedophiles to have their own party - does that mean that it is right? . What nonsense. You have not...
  2. Mad Indian

    Basic economy questions

    I should be the one saying this to you. You know only about defence and you should stick with it. When someone who has economics degree like @Sakal Gharelu Ustad is trying to explain something on economics, you should learn from him with questions if you have doubts. Not post stupid posts with...
  3. Mad Indian

    Basic economy questions

    Yes you re right. I stand corrected. Rather stupidity should be pointed out un apologetically. He should stick with his area of expertise- defence equipment rather than talking crap about things he does not understand or know. May be shedding his ego will allow him to learn. Like how I don't...
  4. Mad Indian

    Basic economy questions

    Again no substance and only crap. Do you have any specific counters to the logic and reason we gave?
  5. Mad Indian

    Basic economy questions

    :bplease: So does any of the BS you have written has any actual logic or reason on how it improves the economy or even the working condition of the worker? No. All you have given is the usual emotional rhetoric on why wages must be high. But dont worry, you are not alone as for socialist...
  6. Mad Indian

    Basic economy questions

    Yes, goods available for consumption is what determines how good the economy is and the increase in goods available for consumption is what constitutes the economic growth - not wages. I wrote this long back . I will repost it again. Dont make me feel that I have wasted my time by coming up...
  7. Mad Indian

    Basic economy questions

    :bplease: Oh, please,my post was in response to your counter of @Sakal Gharelu Ustad argument that minimum wages force the otherwise would be available jobs to foreign market with lower wages,. You claimed that China has not started losing its jobs to India and so his logic is false(it already...
  8. Mad Indian

    Basic economy questions

    If that logic is taken to its conclusion, US should not have any industries in its soil today. So your very reasoning is flawed from start to finish. And this minimum wage is one of the major reasons why US companies shift to india(for services) and to China , in case you had forgotten, since...
  9. Mad Indian

    Basic economy questions

    What the hell. At max I am going to waste half an hour in my life trying to explain why your reasoning is wrong and even if you dont get what I am saying, if someone else gets it, I think it "might" have been worth my time Eh, nope. thats not how labour market works. For instance, I own a Fast...
  10. Mad Indian

    Basic economy questions

    Again your posts reek of the typical champagne swallowing socialist ramblings , who has no clue as to what happens on ground. Even if I do counter your stupid post, it will simply just go over your head. This is why I prefer not to engage in debates with stupid people. I have only so little time...
  11. Mad Indian

    Basic economy questions

    :bplease:He is a economics PhD student. I suppose you have better knowledge of economics than him
  12. Mad Indian

    Basic economy questions

    :facepalm: I have already explained what actually happens in real world scenrios with Minimum wage. But of course, to understand that either you must have run a business or must have read economics books. I am guess you have done neither. Did you even read my post #25 ? Dude, seriously shed...
  13. Mad Indian

    Basic economy questions

    This is the video I was talking about. Notice how the leftist loonatics here do the the same in the video- argue on emotions rather than facts and logic. -"the typical Humanitarian BS and what not" Watch what the Black american says in 9.27 . It will blow the crap that minimum wage increases...
  14. Mad Indian

    Basic economy questions

    @pmaitra dude, you are unfairly blaming the fiat currency for this issue. If anything fiat currency makes the blow from minimum wage laws to be less severe. What I said would be true of minimum wage laws in gold backed currencies too @Sakal Gharelu Ustad Correct me if I am wrong
  15. Mad Indian

    Basic economy questions

    Its actually far worse than that - read my previous post. You will understand how sinister this minimum wage is on the economy. Why do you think Indian economy was crawling during Socialist era? not because socialists intentionally brought in fucked up laws, but because most of the well...
  16. Mad Indian

    Basic economy questions

    I would try to give an example for why Minimum wage is retarded, but I doubt it will get into the head of the idiots, considering my previous well reasoning post dint get past their stupidity. Here is a scenerio - I have 2 lakh money to invest in a Restaurant business. 1 lakh, I invest in the...
  17. Mad Indian

    Basic economy questions

    did you see the video? I saw a milton video , which was very long and discussed all the negative aspects of Minimum wage. It had made all the arguments and so it makes me lazy to retype them here :frown:
  18. Mad Indian

    Basic economy questions

    To add to the above video, the minimum wage would force the small businesses, which cant afford to compete with larger ones with the higher artificially inflated wages. So they would be forced to cut down the number of employees or close their business down. So these dirtbags would rather have...
  19. Mad Indian

    Basic economy questions

    This is link is not for ideological retards .
  20. Mad Indian

    Basic economy questions

    Anyway, I would like to give a link on Minimum Wage by Milton friedman
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