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1
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by DocJones on Today at 07:17:50 AM »
These two views aren't compatible. If it sounds complex or confusing, it's because because this is well beyond basic economics and into the conflict between two major schools of thought in economics.
It's the perfect time for Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle!
2
The big one for him was randomness

You could always look at Amber, or Lords of Olympus. No dice at all.
3
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by Pat on Today at 02:21:26 AM »
The Crusoe analogy works well for me in helping me understand this, actually. Especially how him investing more time leads to more future improvement. I've heard that because their needs are mostly day to day, the poor help drive consumption. So I heard that a good form of economic stimulus if consumption is down is to try to help the poor through tax cuts or food stamps or welfare or subsidies or whatever, because if you give them a way or incentive to spend then they usually will. Though I guess the flip to that is that because they need the money now it might be harder for them to save or invest. Is that part of the idea behind trickle down economics or at least the alternate speculation (?) of the middle class as an engine of growth? Basically don't help the poor now but have the money and economic growth to theoretically do it later if they can survive the meantime?

Also, I could've sworn Biden promised money to the middle class and economic growth. Does that then mean he's making a compromise to some extent on aiding the poor, because of the above reasoning, just not admitting it? Seems kinda duplicitous if so and he isn't acknowledging that. (Though to be fair, dunno if the average American could really follow along in a complex economic plan, and in fact I'm not 100% sure I myself understand even the basics of what he promised, per se.) Also don’t rich people invest a lot? If so, wouldn’t targeting them be anti-growth? Kinda seems like he’s claiming we can have our cake and eat it too.
The argument for savings comes from classical, i.e. traditional economics. The consumption argument comes from Keynes, who argued that economic downturns are caused by a failure in public confidence. As people worry about the future, so they start to put money in savings accounts rather than spending. Since money flows from hand to hand through the economy, when someone feels insecure and pulls money out of the system, this takes money out of the hands of other people who would have otherwise received the money. And those people in turn will start to hoard money (lowering aggregate demand), which collectively will lead to an economic slump. The solution he proposed is for the central government to spend lots of money, increasing confidence by buying services and things, thereby putting money into people's hands, who will put it into new hands by spending it, thereby kickstarting the flow of money again. Basically, the idea is that it's all psychological and the technocrats can smooth out economic cycles by manipulating the money supply. This is the belief held by mainstream (new Keynsian) economists, like those of the Fed. In this theory, consumption is key.

In contrast, the Austrians think that's nonsense. (This is the view of pretty much anyone who criticizes the Fed.) They believe the boom-bust business cycle is caused by monetary inflation (printing money), which leads people to think there's more real wealth in the economy than there really is, resulting in them throwing lots of money at marginal investments. But since printing money doesn't actually increase the amount of wealth in the economy, this leads to a crash as people realize they've overextended themselves, and they have pull their resources out of the bad investments and put it to more efficient use. Recessions are needed to reallocate resources, and if they're not allowed to happen (say by printing even more money), then even more resources become misallocated and the eventual and inevitable crash will be even bigger. In this theory, production is key.

These two views aren't compatible. If it sounds complex or confusing, it's because because this is well beyond basic economics and into the conflict between two major schools of thought in economics.
4
OK, my first thing I'll say is that D&D style rules are not the end all to be all rules.  My own signature line says what I think more comically about that, and beer related too.

If you want an easy game to play, but covers a lot of genres, the Tiny-D6 series of games does a lot.  There is a super hero game, a traditional fantasy game, a mecha vs monsterous kaiju game (you can play both, or just mech vs mech, or kaiju vs kaiju), an old west game, a pirate game, a kiddie game of household animals vs bad dreams.  Hell, there is a Baywatch lifeguard game.  It has a problem of maybe not being complex enough, but I like the system enough to want to play some of it.

Basic Fantasy is probably the cheapest game in existance.  It is old school D&D, before they were bought by WotC, but with some of the jankiness of old D&D removed and written to be comprehended by people, something that old D&D games were often really bad at.  You also can't get over the price of Basic Fantasy.  Its free.  And so is all of its sourcebooks.  ALL OF IT IS FREE.   At least in PDF format.  If you want a paper book, they're not free, but really close.  The main rulebook is only $5, and you don't technically need anything else to play.

If you want Star Wars, then maybe look at RPG Pundit's own Star Adventurer.  A PDF of that is only $4, and a paper book is just $9.

I really enjoy using old school Star Wars from West End Games, the first edition for Star Wars.  If you want to know what that rulebook is like, you can get many D6 games for free, as they tried to be general RPG's before going out of business.  D6 Space, D6 Fantasy, D6 Adventure are all free to download. 

I actually like a simpler, and also still free version (the PDF is free, the hard copy book is not) of D6 rules called Mini-6, Bare Bones Edition.  I also like to use a sword dueling set of rules called Dueling Blades from Griffonpub Studio.  It makes sword fighting more cinematic by simply making one of the results to force your enemy to move instead of damaging them.  That gets tactical, as you can use the terrain to your advantage.  I.E.  A lightsaber duel in a Gozanti freighter that ended with my enemy in an air lock, unhurt as of yet, and then blown out into space when she wouldn't surrender.

https://www.drivethrurpg.com/product/144558/Mini-Six-Bare-Bones-Edition
http://griffonpubstudio.blogspot.com/p/schweigs-d6-resources.html

I also love another old school RPG.  Palladium Books Fantasy game.  In particular I like their 1st edition to get used to their rules.  It doesn't use D&D style rules.  In this case the main way it works is that characters attack with a D20, and you defend yourself by either dodging or parrying, also rolled as your own D20.  The highest roll wins.  Armor is just more hit points, though a high roll can bypass it.

https://www.drivethrurpg.com/product/60661/The-Palladium-FantasyR-RolePlaying-Game-Revised-Edition--1st-Edition-Rules

I can list off more, but its late and I need sleep.
5
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by KindaMeh on Today at 01:14:35 AM »
Pssst!  Hey, all you fucktards blaming Biden for gas prices?

Guess what, shitheads?  THE FUCKING KEYSTONE PIPELINE WASN'T GOING TO BE FINISHED AND ONLINE UNTIL 2030 IN ANY CASE!

NOW STOP LIEING ABOUT GAS PRICES!!!
The market prices future expected events into current prices. It's why exotic concepts you've probably never heard of, like "interest", exist.

Before you embarrass yourself yet again, why not read at least one book on economics.
https://fee.org/media/14946/economicsinonelesson.pdf

I had heard it was gonna be like a bit less than 10%of our total amount of oil exports, and like 5% of total production. So not nothing. Though I hear there's also something called a discount rate or something that determines what future reductions in gas prices are worth in present day dollars that would make it worth a little less to the market or something. (Though IDK how much less. Not something I've looked into yet. I do want to read that book at some point, but haven't yet.)
Yes, people have different time preferences, which is the amount they discount the value of a dollar in the future compared to the value of a dollar today. The price of that time preference is the interest rate. Capital investment is how today's dollars are turned into a larger number of future dollars. By investing in resources today, goods can be produced more efficiently, and that's how wealth grows.

One of the standard examples is Robinson Crusoe. If he needs water, he can walk to the stream, and cup is hands, and take a drink. But if he has to walk a significant distance, then he has to spend a lot of resources (time) to get a single drink. But if he takes a half an hour to climb a tree and cut a coconut in half, he now has a cup, and can bring some water with him. Since he no longer has to walk back and forth to the stream every time he wants a drink, it takes less time (resources) to get a drink of water. But he has to spend that time to get the coconut cup in the first place, i.e. he needs to invest some of his time now to get water more efficiently in the future. Greater investments of capital (his time) could lead to a bucket, or even a plumbing system that brings the water into his shack.

The longer and more roundabout the methods of production, the richer a society becomes. The time preference of a society (i.e. how much they save) determines how much capital they save to invest in more complex means of production.

The Crusoe analogy works well for me in helping me understand this, actually. Especially how him investing more time leads to more future improvement. I've heard that because their needs are mostly day to day, the poor help drive consumption. So I heard that a good form of economic stimulus if consumption is down is to try to help the poor through tax cuts or food stamps or welfare or subsidies or whatever, because if you give them a way or incentive to spend then they usually will. Though I guess the flip to that is that because they need the money now it might be harder for them to save or invest. Is that part of the idea behind trickle down economics or at least the alternate speculation (?) of the middle class as an engine of growth? Basically don't help the poor now but have the money and economic growth to theoretically do it later if they can survive the meantime?

Also, I could've sworn Biden promised money to the middle class and economic growth. Does that then mean he's making a compromise to some extent on aiding the poor, because of the above reasoning, just not admitting it? Seems kinda duplicitous if so and he isn't acknowledging that. (Though to be fair, dunno if the average American could really follow along in a complex economic plan, and in fact I'm not 100% sure I myself understand even the basics of what he promised, per se.) Also don’t rich people invest a lot? If so, wouldn’t targeting them be anti-growth? Kinda seems like he’s claiming we can have our cake and eat it too.
6
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by Pat on Today at 12:58:55 AM »
Pssst!  Hey, all you fucktards blaming Biden for gas prices?

Guess what, shitheads?  THE FUCKING KEYSTONE PIPELINE WASN'T GOING TO BE FINISHED AND ONLINE UNTIL 2030 IN ANY CASE!

NOW STOP LIEING ABOUT GAS PRICES!!!
The market prices future expected events into current prices. It's why exotic concepts you've probably never heard of, like "interest", exist.

Before you embarrass yourself yet again, why not read at least one book on economics.
https://fee.org/media/14946/economicsinonelesson.pdf

I had heard it was gonna be like a bit less than 10%of our total amount of oil exports, and like 5% of total production. So not nothing. Though I hear there's also something called a discount rate or something that determines what future reductions in gas prices are worth in present day dollars that would make it worth a little less to the market or something. (Though IDK how much less. Not something I've looked into yet. I do want to read that book at some point, but haven't yet.)
Yes, people have different time preferences, which is the amount they discount the value of a dollar in the future compared to the value of a dollar today. The price of that time preference is the interest rate. Capital investment is how today's dollars are turned into a larger number of future dollars. By investing in resources today, goods can be produced more efficiently, and that's how wealth grows.

One of the standard examples is Robinson Crusoe. If he needs water, he can walk to the stream, and cup is hands, and take a drink. But if he has to walk a significant distance, then he has to spend a lot of resources (time) to get a single drink. But if he takes a half an hour to climb a tree and cut a coconut in half, he now has a cup, and can bring some water with him. Since he no longer has to walk back and forth to the stream every time he wants a drink, it takes less time (resources) to get a drink of water. But he has to spend that time to get the coconut cup in the first place, i.e. he needs to invest some of his time now to get water more efficiently in the future. Greater investments of capital (his time) could lead to a bucket, or even a plumbing system that brings the water into his shack.

The longer and more roundabout the methods of production, the richer a society becomes. The time preference of a society (i.e. how much they save) determines how much capital they save to invest in more complex means of production.
7
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by Pat on Today at 12:46:16 AM »
Pssst!  Hey, all you fucktards blaming Biden for gas prices?

Guess what, shitheads?  THE FUCKING KEYSTONE PIPELINE WASN'T GOING TO BE FINISHED AND ONLINE UNTIL 2030 IN ANY CASE!

NOW STOP LIEING ABOUT GAS PRICES!!!
The market prices future expected events into current prices. It's why exotic concepts you've probably never heard of, like "interest", exist.

Before you embarrass yourself yet again, why not read at least one book on economics.
https://fee.org/media/14946/economicsinonelesson.pdf

Yes yes, I know that speculation is a large lar ofgas pricing, and should be regulated or eliminated you pompus ass.
https://www.forbes.com/sites/forbesbooksauthors/2021/01/25/factors-that-influence-pricing-of-oil-and-gas/?sh=2ebe50dc338d#:~:text=%20Speculation%20gets%20a%20lot%20of%20the%20blame,the%20demand%20for%20crude%20oil%20affects%20overall%20pricing.
Don't call people shitheads if you can't take a little heat, Princess.

You literally linked to an article that lists:
1) supply
2) demand
3) quality
4) speculation
Seriously, it lists supply & demand. That's... beyond rudimentary. It's not Economics 101. It's the first minute of Economics 101.

And how exactly would you regulate or eliminate speculation? Because speculation is how the market efficiently allocates resources. If one oil company decides there's a huge potential in a particular pipeline, then they'll invest billions in infrastructure like developing oil fields and building out ports. The investors are betting those huge investments will pay off in nice profits, but that's in the distant future. And it's that kind of forward-thinking and investment of resources over a long time that creates market efficiency, and will drive prices down. The current price is based on a time-depreciated estimate of future earnings.

But if you have a jackass like Biden who keeps canceling pipelines and permits, guess what happens? Nobody invests. Or they invest a lot less. Or they wait until the future profits are much much higher, because it's not just time-depreciated. It also factors in risk, and the risk has dramatically increased.

It's Biden's fault.

Read. At. Least. One. Book. On. Economics.
8
THB I read the 'I support secession in my own country' line and nodded.

I sincerely apreciate your efforts to drag this conversation about an actual ongoing war with actual people that are actually dying by the hundreds into a spat about USA based political dickwaving.

But If you want to just call people names, you can make a separate thread instead.
9
THB I read the 'I support secession in my own country' line and nodded. As an american I thnk we should encourage people to move out of hopessly red states into purple or pale blue ones, form solid voting majorities and vote to secede from the red states.

We end up with 'america' and something called 'Donaldtrumpistan', 'murkkka' , 'Jeezuzzland' or WTFE.
10
The RPGPundit's Own Forum / Re: Biden's Cascade of Failure!
« Last post by Battlemaster on July 01, 2022, 11:57:43 PM »
Pssst!  Hey, all you fucktards blaming Biden for gas prices?

Guess what, shitheads?  THE FUCKING KEYSTONE PIPELINE WASN'T GOING TO BE FINISHED AND ONLINE UNTIL 2030 IN ANY CASE!

NOW STOP LIEING ABOUT GAS PRICES!!!
The market prices future expected events into current prices. It's why exotic concepts you've probably never heard of, like "interest", exist.

Before you embarrass yourself yet again, why not read at least one book on economics.
https://fee.org/media/14946/economicsinonelesson.pdf

Yes yes, I know that speculation is a large lar ofgas pricing, and should be regulated or eliminated you pompus ass.
https://www.forbes.com/sites/forbesbooksauthors/2021/01/25/factors-that-influence-pricing-of-oil-and-gas/?sh=2ebe50dc338d#:~:text=%20Speculation%20gets%20a%20lot%20of%20the%20blame,the%20demand%20for%20crude%20oil%20affects%20overall%20pricing.
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