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Questions tagged [economy]

Questions relating to economic theory or economic policy of any country or the international community.

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3answers
300 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
votes
1answer
440 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
363 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. ...
8
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2answers
421 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 ...
2
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1answer
157 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?
16
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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
187 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
350 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
653 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
113 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 ...
4
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2answers
504 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 ...
3
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0answers
173 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
9k 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
votes
2answers
546 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
460 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
21k 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 ...
11
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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
503 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 ...
3
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2answers
253 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 ...
10
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4answers
3k 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 ...
1
vote
3answers
208 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 ...
3
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4answers
898 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
839 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 ...
15
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5answers
629 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
537 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 ...
1
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1answer
90 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
719 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 ...
9
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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 ...
4
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2answers
99 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 ...
0
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1answer
265 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 ...
5
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2answers
176 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 ...
1
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1answer
130 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 ...
19
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8answers
4k 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, ...
2
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1answer
103 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 ...
4
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2answers
640 views

Do sanctions really serve their purpose?

Does economic sanctions on a country serve any purpose at all other than make the ordinary citizens suffer? Most of the times sanctions are placed on a country which is either not democratic or less ...
3
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0answers
127 views

What are most common formulas for computing inequality? [closed]

For the moment let's ignore distribution models like meritocracy. Suppose a group has decided to divide their money in a certain way. What are the different formulas to measure how even or equal ...
2
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2answers
926 views

Progressive income taxes

Which country has the most progressive federal income taxes in the world? I think it best to measure as payments or receipts rather than rates because of tax loopholes Economic Times has a ...
5
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2answers
722 views

All time highest net worth of a Presidential cabinet in constant dollars?

Some sites claim that the proposed upcoming presidential cabinet and cabinet-level posts set a new record for its members' total personal fortunes: one estimate suggests it "could be worth as much as $...
2
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2answers
321 views

What happens economically if a country prints lots of cash but bans any price increase? [closed]

Not really anything to elaborate on beyond the title. What happens economically if a country prints lots of cash but bans any price increase?
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4answers
670 views

How much would the US economy suffer if they stopped military spending?

If there weren't new jets, tanks, guns, bullets, contracts etc.. being made, how would this impact their economy/GDP? Would it have such a significant impact that it would cause another recession? ...
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2answers
5k views

How do governments stop hyperinflation?

After reading this, I wonder "How can a government stop hyperinflation?" What can other governments do to help? And for completeness, How do governments keep currency stability?
4
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2answers
539 views

What would happen if all the Western states imposed embargo on the products from China? [closed]

Donald Trump's protectionism is certainly controversial but to at least some degree, all the Western states lead a similar politics towards the North Korea, Cuba or Russia. China, on the other hand, ...
4
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3answers
1k views

How would Donald Trump go about bringing back industry to the US without making all the TNCs go bankrupt?

Yes it's what everyone is talking about but bear with me. In the following question I'm not trying to start an argument, I'm not even from the US. This is a question and not a kick-starter to a debate....
1
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1answer
185 views

What if campaign money was used to fund government programs?

I was reading that billions of dollars are raised/spent during US political campaigns (president, senate, etc). I'm no expert in how this all works, but it seems to me that this money is used solely ...
7
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2answers
902 views

Why do unstable countries prefer a black market for currency to exist, rather than accepting the real exchange rate?

Countries such as Venezuela or Uzbekistan refuse to acknowledge that their currency is undergoing high levels of inflation, which results in fake exchange rates and the existence of a black currency ...
1
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1answer
690 views

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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2answers
247 views

Does the US economy's future depend on equilibrium? [closed]

In social dictatorships (real name of what you would refer to as communism) people do not work hard enough cause they lacked the prospective of growth. That's where you need capitalism. So but then ...
9
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3answers
7k views

Has the way Unemployment is measured changed in the last 8 years?

Unemployment has been around 5%. I have a conservative friend who keeps claiming that this is untrue, and that the current administration is changing how unemployment is surveyed or calculated for ...
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1answer
169 views

Are there any countries with laws that require maximizing profits?

It is a common trope I see claimed quite often similar to: Individuals and interest groups are governed by laws that demand maximum profit where possible. These laws are inherent in the monetary ...