Questions tagged [economy]

Questions relating to the politics of economic theory or economic policy of any country or the international community. General economic questions can be asked on Economics.SE https://economics.stackexchange.com/

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155 views

Is it possible that the US will default on its debt in foreseeable future? [closed]

The US has a history of having its debt grow, increasing the debt ceiling and repeating the cycle: Source Normally, the states don't default on debts denominated in their own currency, because they ...
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How do UK leaders explain that their country suffered a contraction similar to that of Italy and France rather than that of US or Canada, last year?

CNN recently mentioned that: the UK economy suffered a bigger contraction than any other G7 country last year at 9.8% Wondering how the rest of G7 fared in more concrete terms, I found an older ...
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Why is India diverting its resources to build its second mission to Mars?

The only gain I can think of for going to Mars is that it will bring glory based on the achievement. Are there any tangible benefits for India going to Mars with respect to common people? Note: ...
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Why are Republicans opposed to alternative energy?

(DISCLAIMER: I am asking this in the most non-partisan way possible. Please no arguments or mudslinging!) What are the Republican party's premises for opposing alternative energy in place of fossil ...
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What has Biden said about government debt?

It seems to me that Biden is spending a lot of money on new bills, and from my understanding of economics this means that government debt will greatly increase. Has Biden ever talked about this during ...
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How can the Harm Principle be adjusted to fit Social Democracy and Social Liberalism

Beyond Libertarianism: Interpretations of Mill's Harm Principle and the Economic Implications Therein The harm principle does not stipulate strict rights of the individual, applied uniformly. To ...
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1answer
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How does the Barnett Formula work?

I've often heard the Barnett Formula come up in debates regarding the topic of Scottish independence, and I know it relates in some way to the mechanism used to determine the amount of money allocated ...
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1answer
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Which countries have the same international importance, influence and power as Sweden? [closed]

Sweden is not a superpower at all and it's not a country with a high level of influence (such as Russia or China). However, it has a relatively large GDP for its population and it's known that Sweden ...
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Has there ever been an independence movement with the goal to split off an underperforming part of a nation?

There have been many independence movements in history. The Wikipedia category of independence movements alone lists 145 articles about mostly distinct independence / seperationist / liberation ...
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What are the benefits of a national cryptocurrency?

I have read about the Marshall Islands partnering with the company Algorand to produce their own cryptocurrency that will act as the nation's official currency. Is there any special benefit from ...
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Dealing with crime in cryptocurrency based economies

Most cryptocurrencies are anonymous where the origin of coins is not known and transactions are also anonymous (this may not be 100% true but lets assume perfect anonymity). The society prevents ...
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Has high taxation of the rich been sustainable as an economic policy?

One of the backbone philosophies of the recent Labour party campaign was higher taxation of high earners (those earning above £80'000 per year to be precise). Has very high taxation of high earners ...
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Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world?

Why are African countries using direct and indirect taxation against their farmers to tax them at a rate twice as high than anywhere in the world? I found this in a research paper entitled Why kill ...
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Why does decriminalisation/legalisation not reduce the cost of drugs?

It is conventional wisdom that the criminalisation of the supply of recreational psychoactive drugs causes an increase in the cost to supply and therefore to the user. In an unreferenced but somewhat ...
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Hypothetical situations: private money or absolute monopoly upon the money supply

Recently I've read Friedrich Hayek's book "Denationalisation of Money", where he suggests to stop the central bank monopoly upon the money supply by creating competitive private currencies ...
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Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?

I think this is a question of both economics and politics, but I decided to ask it here. There will soon be elections in Poland. There was a debate about this question: should Poland keep the złoty (...
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Is the economics theory of Karl Marx regarding technological progress realistic to the end?

Marx claimed that the introduction of more and more advanced machinery would lead to unemployment of workers, which decreases the ability of the society to buy things, which is a vicious cycle. ...
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Is China really Communist?

Having read Karl Marx, and seeing the 10 tenets of Communism, I find it hard to consider China as a Communist country. Just trying to stick to the 10 tenets. Abolition of private property, ...
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Analyzing Governmental Debt [closed]

When looking at the Federal debt there are a lot of ways to interpret the data. You can look at the dollar amount which is currently ~16 trillion or you can analyze it as a percent of the GDP. Are ...
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Are there any US politicians that want to reduce housing prices?

Over the last year, the Federal Reserve has propping up the already historically high housing market by purchasing/backing trillions of dollars of mortgages, preventing a decline in house prices like ...
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Have any countries that are currently in lockdown published a detailed long-term exit plan?

Currently almost every country around the world is in a state of lockdown. However all of them seem to be in a state of 'indefinite' lockdown, with no long-term plan published anywhere. Has any ...
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Do political systems evolve with economic progress?

Do political systems evolve with economic progress? In a lot of sci-fi movies you don't see government evolve with technology and economy, but in Star Trek, I believe, the political system ended up ...
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How much influence does Saudi Arabia have over Nigeria?

I read this article that says that the country of Saudi Arabia has some influence over Nigeria to the point where Nigeria may be on their side in the current Iran-Saudi Arabia proxy conflict. This ...
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Why would a country ever store its gold deposits abroad?

I just learned from this question that Germany is storing its gold reserves around the globe. Why would a country store any of its gold reserves abroad, instead of well-protected inside the country? ...
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Why is Switzerland holding such a large foreign exchange reserve?

According to Wikipedia's List of countries by foreign-exchange reserves: Why is Switzerland holding such a large foreign exchange reserve? Asian countries decided to maintain a large foreign exchange ...
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Has the permanent membership of the UNSC of China (PRC) helped them to attain such a big economy?

Has the permanent membership of the United Nations Security Council of China (PRC) helped them to attain their big economy? In other words, was the permanent membership of China beneficial to their ...
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Why are the Netherlands, Sweden, and Denmark among the countries with the largest wealth gaps in the world?

Wealth Inequality By Country 2021 Here are the 10 countries with the highest wealth inequality: Netherlands (0.902) Russia (0.879) Sweden (0.867) United States(0.852) Brazil (0.849) Thailand (0.846) ...
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Why don't governments follow the "save in good times, spend in bad times" rule?

Economists seem to agree that it's best for the government to reduce expenses while the economy is in good shape and increase expenses when it's in trouble. However during the last recession most ...
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Why doesn’t the U.S. have a bracketed corporate tax?

This might be a question better-suited for Economics StackExchange, but I figured I'd try my luck here first. In the U.S. we have a bracketed tax system for personal income tax, which serves to ...
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Biden's goal is 15% minimum tax rate, when Corporate Tax is already higher?

I do not understand the Biden Corporate Minimum Tax Rate proposal. Biden wants to set it at 15% per this article and few others. However, the minimum corporate tax rate is already 21%. Wikipedia ...
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What are the mechanisms for limiting the power of the Federal Reserve Chairman?

What are the mechanisms for limiting the power of the Federal Reserve Chairman? Can the Federal Reserve Chairman make any decision by himself (if the president agrees), or is he limited somehow in the ...
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How would the trillion-dollar coin save the United States' economy?

Recently I read in a news post that the Treasury Department is able to order the coinage of a coin made of platinum with a value of 1,000,000,000,000 USD, or 1 trillion US dollars. You can read about ...
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Can the IMF Special Drawing Rights be used to combat the need for negative interest rates in order to fiscally stimulate the global economy?

Can the IMF Special Drawing Rights be used to combat the need for negative interest rates in order to fiscally stimulate the global economy? I am wondering if the U.S. can use the IMF in order to ...
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Why does Germany have a static "debt brake" value when a value that can be easily changed seems to make more sense?

According to this article, Germany has to rely on some tricks to circumvent the hard limit mentioned in the Constitution: Germany is considering setting up independent public agencies that could ...
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Are there any situations of “borrowing against the future” failing?

In economics, “borrowing against the future” means investing money into the economy, and hoping that the GDP will rise by a percentage higher than your debt did. Are there any notable examples of when ...
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What did Marx mean by "industrial armies"?

The eighth plank of the Communist manifesto (English)(German) refers to the creation of industrieller Armeen. What does this actually mean? What is an "industrieller Armeen" and did it exist ...
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Is there any better estimate of the cost of a completed US-Mexico border wall?

First, I realize that this question was asked back in Jan 2017, but it was difficult to obtain useful data because the details of construction were not available. This question arises as a spin-off ...
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How do states with no state income tax like Florida or Texas generate tax revenue?

How do states with no state income tax like Florida or Texas generate tax revenue? Do they have higher property tax or sales tax? I compared their property and sales taxes with other states with ...
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What was Eisenhower's warning about?

Eisenhower in his farewell address warned the American people about the United States Military Industrial Complex and its emerging power. According to Wikipedia The US spends more on the military ...
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What evidence is there to suggest a correlation between the economic performance of the US and the policies of its President?

Today I read the following claim: Under President Obama: The DOW increased from 6626 to 17481 The S&P 500 increased from 683 to 2040 Unemployment decreased from 10% to 4.9% Uninsured adults ...
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What's the difference between Cooperativism, Market Socialism, and Syndicalism?

What's the difference between Cooperativism (the replacing of Capitalist firms with worker co-ops like Mondragon), Market Socialism, and Syndicalism? Given that they're all systems where workers ...
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I have come across the term Presidency in a number of cases in India. What does this mean?

In my country(India) I have come across a number of times when the word Presidency is used. How is Presidency related to India that way? Like we had Presidency banks, Presidency University etc. What ...
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Why does Russia choose to depend on the Bosporus Strait for shipping?

According to the Wikipedia article on the proposed Istanbul Canal, it is said that the Bosporus has nearly 3 times the amount of ship traffic as the Suez Canal. Presumably this ship traffic comes ...
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Confused about the term 'Bourgeoisie'!

Bourgeoisie is defined by, the middle class, typically with reference to its perceived materialistic values or conventional attitudes As refer to Google define, Here, I see it actually means the ...
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Are the differences between capitalism's and socialism's analysis of resource distribution fairness fundamental?

I have always understood a (broadly speaking) capitalist, free market approach to economics to rest on the notion that a resource distribution is fair in light of how closely it correlates the ...
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Where one can find the data on Shorrocks index for the world?

Shorrocks index is an index of estimated income mobility (in other words, how likely is it for someone who was in bottom 20% by income in their country to increase their income in N years to move to ...
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Can a country borrow an expert from another country and make him in charge of a ministry?

Suppose, a country is facing deep-rooted economic mismanagement and has billions of dollars of external debts. The prime minister/president tried several local experts, both elected and technocrat, ...
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Are Venezuela's dismal finances the result of Maduro's mismanagement, the US sanction, or both? [duplicate]

Is the dismal financial situation of Venezuela because of Maduro's mismanagement or the US sanction or both?
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What interventions could decrease the price of Bitcoin? [closed]

The high value of some cryptocurrencies, in particular Bitcoin has had the effect of causing a significant increase in the demand for electricity leading to increases of carbon emissions. (See https:/...
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Why fund research in pure mathematics?

I post this question on politics.se, as suggested by this answer of Bjørn Kjos-Hanssen. The research in pure mathematics has (generally) no other choice that being funded by public organizations ...

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