I fail to see any post where I said "Random Aussies are able to critique economic theory".



You won't know until you have one.



Where do you think "the RFL's money" comes from?

I'll give you a clue:

It comes from the clubs that you accuse the RFL of wasting it on.



Indeed we can look forward to Crusaders going bankrupt either this year or next. Huzzah!

look if you want to brag about having minor uni degrees to make up for unintelligent posts, good luck to you.

your posts tell me all i need to know about your level of intelligence.

It's not a case of bragging so much as pointing out that you would have to be particularly clueless to say that an economics graduate has a "simplistic" view of licencing.

If it seems so, it is because I'm talking down to your level.

Naturally I could talk about cost benefit analysis and opportunity cost but since you struggle to keep up at the best of time, what would be the point?



Indeed but I shan't rub in it. It is not your fault.

look ill just ignore you for a bit as its not even worth replying.

best of luck

the reason why im ignoring him is that the MB of laughing at him is less than the MC of typing it out

the law of diminishing marginal return certainly applies here

the opportunity cost of reading his posts is that i could be spending my time reading something intelligent

Can you ignore me as well please ?

you arent at the point of boredom yet.

you and a few others like you really make my time on here so much fun

its gotten to the stage that you can more of less predict what various people will say

DM,

I have no degrees (though I now work beyond graduate level in civ. engineering, have an embarrassingly high IQ, a cycling proficiency certificate and a reasonable Xbox gamerscore), but I'd cut your losses on this one and go. HK's got you beat. Trying to look down your nose at him doesn't work when you have to bend your neck back so far.

However, you mention the law of diminishing returns. Now I'm not sure it's a "law" (though it does seem to borrow from the Newtonian laws of thermodynamics), but I understand it is effectively the business plan of Mike Turner and the Wrexham ANZACs.

poor old DM

he really hates wakey doesn,t he? thought this thread was about crusaders.

i think the crusaders will struggle again this term on the field as they do not look a strong team, however it would be foolish to think that a good superleague club can simply be manufactured overnight simply by giving a team the franchise. it takes ages to get results from good youth systems etc

also building a good fan base will be difficult as probably a lot of hard earned supporters from last season will not travel to or support the new club

good luck to them for the future

Unbelievable, someone has finally shut the one of the forum's biggest moron's up. Must be so tough for him to 'lose an argument on the internet', given that it is his only pleasure in his sad pitiful life.....

Make the most it. I'm sure he'll be back to 'win' more arguments soon...

Oh believe me I'm Bored , it's like arguing with Smokeys stupid cousin from Arkansas

Anyway as I said , Please , Please , Please ignore me from now on , I'll reciprocate

Not heard of that one, is it similar to the law of diminishing returns to scale?

Yes it is similar.

I was poking fun at dally's newly acquired knowledge.

Ah.

when HK gets the same number of degrees as me, ill think about it

im on 3.

i dont know what they call it in your little town, but in sydney it aint.

next time you are at uni, try and look up the Black Scholes formula.

i knew it off by heart at one stage.

ill explain what it means to you if you wish

Yes of course you are dally.



Posting at 1.30 in the morning dally, i thought you didnt do such things

simple solution, stop responding to my posts.

you and a few others of similar like mind just cant help yourselves.

i guess raising all these facts does make like difficult for some of you

i just got home from a nightclub.

and im still recovering from a big NYs.

its funny seeing how much attention you guys pay to me.

its flattering

If you have three degrees, I'll be surprised. Especially considering you're standard of written English is poor on here.

ill leave some standing questions here just to educate you lot :

1. what is the Black Scholes forumla used for?
2. what assumptions does it make about stock returns?
3. how does the model fail in real world situations?

Your the one who has a problem with what times people post, i'm just pointing out how hypocritical you are, again.

I'm sure this'll help you Dally. [url=http://en.wikipedia.org/wiki/Black%E2%80%93Scholes#Black.E2.80.93Scholes_formulaLinky[/url

oh and for the idiot that claims to be an economist :

1. whats the Phillips curve refer to?
2. how did it fail in the 1970s?
3. how did keynesians react to this?
4. what is the laffer curve?
5. which economists use the laffer curve?
6. which country used this economics extensively?