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View Poll Results: Does economic theory trump physics?
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Yes, economists can create matter from nothing
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No, as Heinlein said, TANSTAAFL
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06-11-2008, 11:56 AM
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Machiavelli Incarnate
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Join Date: Jul 2007
Location: Merrimack, NH
Posts: 3,858
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Does economic theory trump physics?
We can deduce from the comments of conservatives who call for more drilling on the land of the American people, and paying oil companies to extract the oil owned by the American people without paying for the oil owned by the American people, that conservatives believe the law of supply and demand will increase the supply of oil.
A physicist believes the only way you can increase the quantity of matter is by converting energy into matter.
Who is correct on the theory of the quantity of oil?
- The conservative economist who believes raising the price and government subsidies will increase the quantity of oil?
- Or the physicist who believes burning fossil matter converts matter to energy and increasing the price of matter isn't going to convert energy to matter?
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06-11-2008, 12:09 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 11,618
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Quote:
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A physicist believes the only way you can increase the quantity of matter is by converting energy into matter.
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>>>Doesn't turning matter into energy decrease the quantity of matter?
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06-11-2008, 12:14 PM
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Political Mastermind
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Join Date: Feb 2008
Location: Minnesota
Posts: 2,291
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Energy is finite. But there's a shitload of it out there, so lets get it. But wait, it costs a lot of money to get it, transport it and refine it. Logic says, maybe we should pay someone to do it. You know, like we pay letter carriers and construction contractors?
__________________
White Guilt- The condition some whites suffer when their feelings of superiority over African Americans contradicts their intellect.
cedenot 2008
Liberal Elitist- Someone who assumes ownership of the successes of the Black Race, but denies ownership of failure to a Black Man.
cedenot 2008
Race Card- The card that falls to the floor every time a liberal rolls up his sleeves to work for change.
cedenot 2008
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06-11-2008, 12:16 PM
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Machiavelli Incarnate
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Join Date: Mar 2008
Location: The Republic of Texas
Posts: 5,783
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Quote:
Originally Posted by mulp
We can deduce from the comments of conservatives who call for more drilling on the land of the American people, and paying oil companies to extract the oil owned by the American people without paying for the oil owned by the American people, that conservatives believe the law of supply and demand will increase the supply of oil.
A physicist believes the only way you can increase the quantity of matter is by converting energy into matter.
Who is correct on the theory of the quantity of oil?
- The conservative economist who believes raising the price and government subsidies will increase the quantity of oil?
- Or the physicist who believes burning fossil matter converts matter to energy and increasing the price of matter isn't going to convert energy to matter?
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I think you just muddied the water for Americans under the age of 12. 
__________________
The United States of Indentured Servants
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06-11-2008, 12:23 PM
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Machiavelli Incarnate
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Join Date: Jul 2007
Location: Merrimack, NH
Posts: 3,858
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Quote:
Originally Posted by George O Well
>>>Doesn't turning matter into energy decrease the quantity of matter?
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Yes, the theory says matter and energy are conserved as in total, so converting matter to energy and energy to matter are equivalent. Note that theory also dictates entropy always increases, so matter will eventually disappear into energy so diffuse matter can not be created, but that's on the scale of the universe.
And yes, burning fossil fuels does decrease the amount of matter.
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06-11-2008, 12:26 PM
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Machiavelli Incarnate
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Join Date: Jul 2007
Location: Merrimack, NH
Posts: 3,858
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Quote:
Originally Posted by wow
I think you just muddied the water for Americans under the age of 12. 
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You are under the age of twelve???
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06-11-2008, 12:28 PM
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Political Mastermind
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Join Date: Feb 2008
Location: Minnesota
Posts: 2,291
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Quote:
Originally Posted by mulp
Yes, the theory says matter and energy are conserved as in total, so converting matter to energy and energy to matter are equivalent. Note that theory also dictates entropy always increases, so matter will eventually disappear into energy so diffuse matter can not be created, but that's on the scale of the universe.
And yes, burning fossil fuels does decrease the amount of matter.
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Using this theory, shouldn't we run out of food? Even if population decreases.
__________________
White Guilt- The condition some whites suffer when their feelings of superiority over African Americans contradicts their intellect.
cedenot 2008
Liberal Elitist- Someone who assumes ownership of the successes of the Black Race, but denies ownership of failure to a Black Man.
cedenot 2008
Race Card- The card that falls to the floor every time a liberal rolls up his sleeves to work for change.
cedenot 2008
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06-11-2008, 12:35 PM
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Machiavelli Incarnate
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Join Date: May 2008
Location: Michigan
Posts: 3,684
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Quote:
Originally Posted by mulp
Yes, the theory says matter and energy are conserved as in total, so converting matter to energy and energy to matter are equivalent. Note that theory also dictates entropy always increases, so matter will eventually disappear into energy so diffuse matter can not be created, but that's on the scale of the universe.
And yes, burning fossil fuels does decrease the amount of matter.
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Gosh, wouldn't it be cool if we could harness the energy that already exists as energy withour depleting any of the matter that exists here on earth?
Oh wait... we can, solar cells do this.
Wind is a product of solar/thermal convection, that works too...
Who knows, maybe Thomas Beardon will succeed in finding a way to pull energy from the entropic vacuum... ok, a little wishful thinking there...
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06-11-2008, 12:36 PM
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Machiavelli Incarnate
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Join Date: Mar 2006
Posts: 11,618
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>>>So the universe is finite?
Quote:
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Logic says, maybe we should pay someone to do it.
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>>>Maybe we should pay someone to transport and refine it. Should we also pay someone to hedge it up?
Is Morgan-Stanley speculating up the cost of letter carriers and construction workers?
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06-11-2008, 12:38 PM
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Political Mastermind
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Join Date: Feb 2008
Location: Minnesota
Posts: 2,291
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No, the federal government speculates up the cost of letter carriers and construction workers just fine, thank you.
__________________
White Guilt- The condition some whites suffer when their feelings of superiority over African Americans contradicts their intellect.
cedenot 2008
Liberal Elitist- Someone who assumes ownership of the successes of the Black Race, but denies ownership of failure to a Black Man.
cedenot 2008
Race Card- The card that falls to the floor every time a liberal rolls up his sleeves to work for change.
cedenot 2008
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