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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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628 views

What are the real cost for companies leaving Catalonia?

The last weeks there was problems and lots of discussions between the Catalan and Spanish governments. There was a referendum that the Catalan government accepts but the Spanish one doesn't and the ...
3
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1answer
88 views

What moral hazards are possible when a government produces its own currency; vs when it doesn't? [closed]

Assuming a political system is a representative democracy, and that group also produces a currency, what moral hazards are possible? I'm thinking that policy can be compared to my physics 101 class ...
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3answers
5k views

What is a run on the pound?

From the news today, it mentions that Jeremy Corbyn and the Labour Party is preparing to deal with a run on the pound. What is a run on the pound? Why is it making news headlines? Why does Jeremy ...
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2answers
245 views

What controls, organizations, or mitigations are there that limit or reduce bribery in politics and policing?

I'm trying to identify the key systematic components that prevent bribery in politics, policing, or legislation. What national, or ideally international, organizations exist that have some sphere of ...
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3answers
648 views

Can a country adopt and issue currency not theirs

Can a country decide that they now starting to use USD for example, then enter USDs into their circulation? Is there any international law that stops that and to what extent (can use the currency, ...
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0answers
92 views

Is there a study that measures the effectiveness of lotteries in increasing VAT revenue?

Quite recently, several countries began using (VAT) lotteries to offer an incentive for people to request a receipt when purchasing goods and services. These countries include Malta, Poland, Slovakia, ...
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2answers
560 views

Why did Japan not raise taxes instead of borrowing to avoid having such a large debt ratio?

According to this article, Japan reached an enormous debt/GDP ratio of about 250%. The first two answers from here illustrate more about the structure of the debt. My highlights are: most ...
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1answer
244 views

What policies have been discussed or implemented to tackle Celibacy Syndrome in Japan [closed]

As we know that Japan is struggling with the problem of Celibacy Syndrome. What strategic steps has Japan taken to end its fight with celibacy syndrome? What policies have been implemented?
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3answers
662 views

Private ownership of productive resources as basis for existence of social classes?

In page 40 of this book I read the following: Scholars of all persuasions now recognize that private ownership of productive resources is the basis of the existence of social classes. This view ...
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4answers
293 views

Why does US allow creating legal entities without real beneficiary disclosure?

According to this article: “In every state in the US, you can incorporate an LLC – [a limited liability company] – or another legal entity and you don’t have to disclose who the beneficiary on ...
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1answer
268 views

Why do people make the mistake of calling it a “job market?” [closed]

A market means that in a specific location (or via an online platform) by a consumer's own will, they can directly exchange money for goods and services while the market is operational. If someone is ...
5
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1answer
184 views

Did Chile's productivity/capita go up during Pinochet's reign?

What effect did Pinochet's war on drugs and execution of drug users have on Chile's productivity per capita? If you have data for the Philippines, that would be a bonus.
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1answer
171 views

Which policies has Trump enacted that has (possibly) influenced the GDP and economy positively?

I was talking to a Trump supporter who claimed that Trump is politically and economically competent, pointing to this article showing how Trump has caused the GDP to reach a record high level (or, at ...
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1answer
156 views

Difference between corporatism and craft unionism

In an essay I came across two political concepts that I'm incapable of distinguishing. What is difference between corporatism and craft unionism? I have read somewhere that the idea of corporatism ...
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0answers
72 views

How much of Puerto Rico's economy is held by mainland individuals and companies?

Puerto Rico was once a Spanish colony, then a US sort-of-a-colony, then a commonwealth with citizenship. I know US agribusiness invested heavily in setting up/expanding a sugar cane industry on the ...
5
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3answers
428 views

Is there anything stopping countries negotiating trade agreements step-by-step?

There have been so many big trade agreements in the news recently, that one of the striking things about all of them is how long they have taken to be agreed, and how complex the negotiations seem to ...
5
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1answer
446 views

Why does there exist an implicit assumption that equalizing the standards of living across the EU won't harm the richer members?

The EU is investing a lot of funds into equalizing the standards of living across the Union. This works both directly through direct investments and indirectly through allowing Western European ...
5
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5answers
374 views

What steps can be taken to combat unfunded state and federal pension liabilities in the U.S.?

It's the growing problem that no politicians want to talk about: unfunded pension liabilities. Business Insider ran an article last year which focused on the many upcoming challenges facing U.S. ...
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2answers
459 views

Are Libertarians for or against prohibitions on insider trading?

Now, unless I'm missing something, I'm fairly certain that Libertarians aren't PRO insider trading. That said, are they for or against rules prohibiting it? Or do they view it kinda like hostile ...
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1answer
159 views

Do US politicians consider the 2008 Global Financial Crisis Finished?

Do politicians, in the US, consider "2008 Global Financial Crisis" Finished? or not? What signs for each side they mention?
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3answers
3k views

Who is lending the money for a nation's debt?

It seems most governments (certainly the US, Europe, Australia) have racked up a national debt - but who are the lenders that these governments are indebted to? Where does the government get the ...
10
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5answers
2k views

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 ...
3
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1answer
210 views

Can Uber be forced to limit its “dynamic prices” policy?

After recent attacks in London, many complained about the prices rising in the vicinity of the attacks: There is no dispute that Uber prices were elevated in London around the time of the attack, ...
6
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1answer
355 views

What effect does an influx of refugees have on the economy of a country? [closed]

Are refugees good or bad for the economy? I ask you because I do not know what to think of it. My country do not like them and they have gotten a bad image here. I would like to hear some facts ...
11
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2answers
690 views

Why did the EU not unify the financial systems when the Euro was created?

It could be argued that many of the problems plaguing the EU in the recent years stem from a lack of integration among the various countries in the union. These missing "integration points" include, ...
5
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1answer
118 views

Who decides what can serve as reserve for fractional reserve banking?

In Fractional reserve banking, which is the common practice these days in most (?) states in the world, a bank is required to limit its loans to a certain multiple of its reserves. I know that ...
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2answers
528 views

Is there an equivalent of the horseshoe theory for economic systems stating that monopolized capitalism = communism?

The horseshoe theory states that societies organised by the extreme right and the extreme left would look alike. It is also applied to various other opposed groups (religious, nationalists, ...). Is ...
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0answers
177 views

Does China hide its original economic information?

Is the economic information released by Chinese government real? Do they have a tendency to skew that information? If yes, why, and how do they do that?
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10answers
10k views

Why do farms need subsidies? [duplicate]

The title is slightly misleading, farms need subsidies because it's difficult to make them financially viable, but... Why do farms in developed countries require state subsidies (CAP in Europe, I ...
2
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2answers
624 views

US political parties that support EU style social social welfare spending?

Are there any political parties or groups in the United States that openly support making the U.S. more like EU countries by: Addressing social welfare and safety net needs by increasing federal non-...
13
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2answers
485 views

Are there countries with true open-market railways?

Over here Ben Southwood makes a case against nationalizing the British train lines: [..] Returning it to centralised state control would be a step backwards and a mistake. Instead we ...
101
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21answers
22k views

What is the capitalist answer to automation?

While we are not currently at total automation, we are inching closer. An Oxford Study from 2013 indicates by 2033 upwards of 45% of our job force could be automated. This automation, causing a ...
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3answers
1k views

What are the advantages and disadvantages of having minimum wage automatically adjusted for inflation?

I have heard some people advocate that minimum wage should be automatically adjusted for inflation, reindexed on a yearly basis. For instance, if the minimum wage is $10/hr and inflation is at 5% that ...
5
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2answers
532 views

Why focus on reduction of public debt when private debt is much larger?

According to the OECD, in The Netherlands, public debt is 78% of GDP and private household debt is 277% of GDP. Eurozone rules require a budget deficit of no more than 3% (not sure if this depends on ...
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2answers
262 views

Logic behind the reaction of Greek government over the national crisis

Premise: I'm not an expert in politics nor in economics, nor I am Greek. It just happens that I've spent the last 5 months in Greece, heard a lot of stories from common peoples, and failed to ...
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4answers
4k views

How much of the recent jobs growth is Donald Trump responsible for?

The Job numbers have been growing steadily over the past couple of years. According to the latest jobs report, the number has increased by about a quarter of a million. So how much of this can be ...
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3answers
218 views

Can the derivatives market save social security?

My understanding of economics is that there are different investment possibilities for cash, versus a derivative based investment. I think that funds from social security are either used to pay out ...
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4answers
1k views

What are the major types of economic system?

One of the biggest political debates is about "the best type of economic system". From what I have seen, this is usually a contrast between just two options: capitalism and socialism. I think these ...
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3answers
865 views

What is the meaning of “We are a civic society” attributed to Steve Bannon

In a radio program back in November 2015 that featured US President (then candidate) Donald Trump - his current chief strategist Steve Bannon made these following remarks - BANNON: Well I got a ...
16
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5answers
779 views

Agricultural subsidies of the EU: Why didn't / don't developing countries impose import tariffs on agricultural products?

A common criticism against the agricultural subsidies (mainly against export subsidies) of the European Union is that it leads to dumping in developing nations (say, for example, Ghana) and destroys ...
12
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4answers
594 views

Why haven't there been more experiments with the Universal Basic Income?

The Universal Basic Income concept has been around for a long time and seems to have significant support from both sides of the political spectrum. But we only seem to have a precious few times it has ...
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1answer
94 views

Regarding critics towards the New Deal

I am a Danish student writing a paper on the Great Depression, and the political initiatives after the crash focusing on the New Deal. But I've had a problem finding sources of prominent people (With ...
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3answers
741 views

What did my teacher mean when he said this about Bush? [closed]

Now, recently I've been thinking about something a very political history teacher of mine said a few years ago. Something about former POTUS Bush that I never quite understood. I don't remember what ...
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6answers
1k views

What major flaws does this particular Universal Basic Income model have, if any?

On Reddit there's currently a news article titled Chinese factory replaces 90% of human workers with robots. Production rises by 250%, defects drop by 80% This of course brought up the discussion of ...
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2answers
103 views

What does a change of “currency of choice in financial and foreign exchange reports” mean?

I just read that Iranian government announced it would stop using the U.S. dollar “as its currency of choice in its financial and foreign exchange reports,” According to that article this is ...
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1answer
267 views

What exactly is Trump's economic policy, and is it consistent with his previous statements? [closed]

While the U.S president is threatening our biggest car maker (Toyota), the fact is Toyota is now employing around 30,000 U.S citizens, which is about the same as Chrysler. Trump attacks Japanese car ...
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2answers
192 views

Is it possible for an EU country to incorrectly report annual deficit in order to obey Maastricht Treaty threshold?

Short version Less than two months ago, the socialists took power in Romania (simple majority in Parliament, both Chambers) and they have started applying their program. However, many analysts ...
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1answer
133 views

The role of the Keystone pipeline in America's energy independence and relation to OPEC [closed]

Does President Trump have plans to build the Keystone Pipeline? To what extent would the building of the pipeline improve America's energy independence? If President Trump turns America from an ...
21
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8answers
5k views

Why do the USA and the European Union treat GMOs so differently?

According to the sources cited within this paragraph, there is a scientific consensus that "currently available food derived from GM crops poses no greater risk to human health than conventional food, ...
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1answer
104 views

Was Obama's HUD mortgage rate fee reduction a renewal, or a first time thing?

Some media report that Trump raised mortgage rates on homeowners by overturning a fee cut. The fee cut wasn't to go into effect until 1/27/17, a week after Trump was inaugurated. The cut wasn't even ...