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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/

4
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2answers
749 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
votes
0answers
129 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
1k 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
votes
2answers
1k 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
votes
2answers
356 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?
1
vote
4answers
751 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? ...
1
vote
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
634 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
votes
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
vote
1answer
205 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
votes
2answers
1k 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
vote
1answer
748 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 ...
-5
votes
2answers
273 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
votes
3answers
8k 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 ...
-1
votes
1answer
183 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 ...
3
votes
3answers
365 views

What economic benefits are there, if any, to a US alliance with Israel?

US and Israel have been allies for decades. What are benefits for the US besides having military bases and political reasons? In essence, what are the economical benefits? What does Israel export ...
2
votes
1answer
877 views

What are the factors that drive openness in a country?

What are the factors (positive and negative) that drive openness to trade with other countries in a country (e.g. developed, like USA, vs. developing, like China, country) and will these factors ...
3
votes
1answer
300 views

Statistics on NAFTA and job loss?

Is there any data/statistics to backup some people's claims that NAFTA (North American Free Trade Agreement) has caused job loss in the manufacturing sector?
3
votes
1answer
269 views

How many people work for the EU?

How many people work for the EU? This page gives 33,000 for the commission. 6,000 for the parliament and 3,500 in the general secretariat. It then goes on to say that the EU civil service includes ...
4
votes
1answer
988 views

Why isn't Norway a part of OPEC?

Norway produces the fifth highest amount of oil per capita in the world, (and 15th unrelated to population) so why are they not a part of OPEC? What are the political reasons for this? I don't really ...
-2
votes
1answer
390 views

Is a market with anti-Monopoly regulations still a pure free market? [closed]

I just saw this video and I got from it that even libertarians want to regulate the free market to prevent monopolies. They criticized the anti-monopoly contracts at the beginning but then, I think I ...
2
votes
1answer
323 views

Have federal control boards been successful?

The House Committee on Natural Resources recently approved a bill with the purpose of solving the Puerto Rico fiscal crisis. It creates a federal oversight board (PROMESA), which will have the ability ...
19
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3answers
1k views

Why did local authorities in England and Wales stop building homes?

From the 1970s–1980s, UK government local authorities stopped building homes: (Source: BBC News) Or, with raw figures from the Ministry of Housing, Communities & Local Government spreadsheet, ...
3
votes
2answers
295 views

What is the second largest European economic organization after the EU?

There used to be a lot of customs unions, currency unions and so on in Europe. Many of those were absorbed by the EU, but surely there are others that still exist. Another way of looking at this is, ...
-7
votes
4answers
522 views

Has any government commisioned a study of whether its people are better or worse off financially with government? [closed]

Seems to me that human society is currently based mostly on a circular argument of government being valid because government says so. Has any government ever conducted a study to see whether its ...
1
vote
2answers
113 views

How do democracies make sure products from foreign nations will meet the national security/health/environmental protection standards?

A democratic state (e.g. the USA) trades of course products from foreign nations (e.g. China). Furthermore those democratic states have of course security/health/environment protection standards, ...
-3
votes
2answers
233 views

What would be the economic implications of a government offering to invest $10,000 in every citizen's professional venture? [closed]

I'm not experienced in politics, but I've been curious about a conceptual policy I've considered (again, just as a citizen, with no formal education or experience in politics). Hopefully this is on ...
1
vote
2answers
230 views

What would be the economic impact of implementing a flat profit sharing policy across all US businesses as opposed to raising minimum wage?

I'm not a political expert, I've just recently gotten interested in the political discussion around the current US election, and one interesting and popular topic is a raise in minimum wage. Again, ...
3
votes
1answer
2k views

Did the Cuban missile crisis hurt the Cuban economy?

Trying to do some research on the Cuban economy. Just wondering how the cold war hurt the economy of Cuba and how so, although I believe it had no effect. Any specific evidence would help.
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1answer
108 views

The age old problem of small harms, what is the solution? [closed]

The age of problem of "small harms" is when one person gets a big benefit from doing something that cause a tiny harm to many people. So, one person may be making millions, but thousands of people may ...
7
votes
1answer
299 views

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 ...
5
votes
3answers
379 views

Does the U.S. have any remaining economic or diplomatic ties with North Korea?

After North Korea's provocative activities recently, the United States announced they would put further sanctions on North Korea. Does this mean the U.S. still has any sort of economic or diplomatic ...
7
votes
1answer
882 views

UK migration: why the focus on EU only, not global?

One of the key issues in the General Election last year, and Brexit now, is around immigration to the UK. All of the focus that I hear in the media is only about migration from inside the EU, and I ...
2
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0answers
93 views

How do the Sanders Campaign economic growth models compare to the work of Gerald Friedman?

Recently a group of former Chairs of the Council of Economic Advisers for Democratic presidents released an open letter criticizing the use of Gerald Friedman's work by the Bernie Sanders presidential ...
4
votes
1answer
412 views

Is it possible to create a single global government, economy and currency [closed]

I understand that this might be hard to answer but in a scenario where every action results in a positive outcome and everything needed gets the thumbs up and goes well (spoiler: this never happens) ...
-3
votes
2answers
155 views

Is there a way to solve the problem of the U.S. military's dependence upon Chinese Rare Earth Materials? [closed]

Right now, our military is in the hands of China. They hold 97% of the world's rare earth supply and they control our military and economy with this supply. Rare earths are in every sort of ...
10
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2answers
843 views

Can providing a basic income to a subset of poor citizens benefit the government politically?

I am looking for empirical evidence that making direct monetary payments to targeted groups of deprived people - say paying all families living in a certain poor district fifty dollars every month, ...
15
votes
2answers
3k views

Why there was no Marshall plan for 1990s Russia?

Just imagine the completely different world today if Russia were a part of Free World, member of NATO and a prosperous democracy, like Germany. Was it ever discussed, and if so, why wasn't it ...
1
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0answers
44 views

Why do we need economical growth? [duplicate]

Why are we trying to achieve perpetual economical growth? isn't it bounded to fail in a world with limited resources?
7
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2answers
265 views

Why aren't people on Medicaid in the US punished for poor health habits?

With my insurance, I have to pay extra because I smoke. However in my line of work I see people who are on Medicaid and don't pay a dime for their coverage are constantly abusing drugs, but they are ...
23
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13answers
7k views

Why not have a wealth dependent income tax?

Usually states implement a progressive tax. So people with a higher income have to pay a higher tax rate. However I think that this is not helping much to distribute wealth more equally. Instead I ...
2
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1answer
65 views

Globalization's effects on workers [closed]

due to globalization, are there any affects of me purchasing clothes on people who manufacture these clothes. in other words, are there any political implications for my consumption of clothes?
-1
votes
1answer
365 views

Why does the EU choose to label products from the “occupied Territories” in Israel?

Israel has wondered aloud why they are the only ones that are having their products labelled even though there are 100s of terrirotorial disputes. Aside from anti-israel bias - Is there a logical ...
5
votes
1answer
422 views

Least Developed Countries and non-Least Developed Countries

According to the East African Community EU Economic Partnership agreement http://ec.europa.eu/trade/policy/countries-and-regions/regions/eac/ Rwanda, Tanzania, Uganda and Burundi are termed as Least ...
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votes
5answers
593 views

Is there any statist policies that have been proven to benefit the economy? [closed]

Refraining from opinions as much as possible, is there any examples where the government intervening in the market that has been proven to have bettered the economy better than the free market could ...
2
votes
0answers
102 views

Hypothetical situations: private money or absolute monopoly upon money supply

Recently I've read Fon Hayeks book "Denationalisation of Money", where he suggests to stop the central bank monopoly upon the money supply. Create competitive private currencies and let the free ...
1
vote
2answers
298 views

How to explain that in Switzerland places with more work opportunities have higher unemployment quote?

This is really something I do not understand. I could unfortunately not find a picture of unemployment by district, but here is a picture of unemployment by Canton : The places with the most ...
4
votes
1answer
141 views

How to be a good mayor without driving away the young generation? [closed]

Before the municipal elections in my city, the mayor said something like: "I built new schools, new roads, new parks! I was a great mayor! And the best proof is that property values increased by 80%!"....
5
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0answers
294 views

Was Ted Cruz the only 2016 Republican candidate who's completely against government subsidies for private companies?

After doing some preliminary research on the 2016 Republican field about their positions on subsidies I'm left with the conclusion that Ted Cruz is the only reliably anti-subsidy candidate. Even Rand ...
1
vote
0answers
45 views

Where does refused medicaid expansion money go? [duplicate]

Presumably, the money for medicaid expansion is there somewhere; i.e. the taxes for it have already been paid. If a state declines to take those funds, where do they go? Edit: Avi, if you'd like to ...