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Questions tagged [economy]

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

3
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3answers
359 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
841 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
257 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?
-1
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1answer
111 views

Is it fair to say that the GOP has always been the “pro-business” party? [closed]

Obviously hot button political issues have changed a lot since the 1850s, but I always wanted to know if, since its inception, the Republican party has generally marketed itself as a supporter of ...
-1
votes
1answer
113 views

Does “artificially” weakening a country's currency destroy that country's population's wealth? [closed]

Does "artificially" weakening a country's currency destroy that country's population's wealth? What could justify the "artificial" weakening of a country's currency?
3
votes
1answer
266 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
813 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
364 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
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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
281 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
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4answers
468 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
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0answers
44 views

What explains the variation in electoral support for radical parties in Europe? [closed]

Looking at the US I see Donald Trump as a radical alternative to establishment candidates (Radical meaning that he wants to make radical reforms the existing capitalist system, not bring it all down). ...
1
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2answers
110 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
222 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
211 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
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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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votes
1answer
105 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
296 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
362 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 ...
6
votes
1answer
820 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
votes
0answers
89 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 ...
3
votes
1answer
395 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) ...
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2answers
154 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 ...
9
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2answers
678 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, ...
14
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2answers
2k 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
43 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
255 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
6k 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
58 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?
-2
votes
1answer
354 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
364 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 ...
1
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4answers
439 views

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

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
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0answers
97 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
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2answers
279 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
votes
0answers
290 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 ...
1
vote
2answers
322 views

Why is the USA dollar the world reserve currency and what are the main consequences?

How would you tell your grandma why the USA dollar is the world reserve currency and what main consequences it has for the US and the world? Concerning why the dollar is the global reserve currency, ...
16
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3answers
1k views

Why was having a common currency in the EU seen as necessary?

When it was introduced, the € (Euro) was supposed to be the common currency for the entire EU, even if it turned out many countries (such as the UK) would stay in the EU without using the € currency, ...
4
votes
1answer
263 views

Would companies having to raise minimum wage to $15 mean raising the prices on their goods a great deal?

If minimum wages are raised to $15 an hour then would these companies that are forced to raise wages not increase their prices exponentially in order to maintain their current profit? And, if this ...
0
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2answers
153 views

Does the stock market hurt the economy directly? [closed]

In 1929 America experienced its first stock market crash within a relatively close time period of the ushering in of phone booths . The first stock market crash in history may have been around 1750 ...
8
votes
4answers
1k views

UK Austerity - Where does the money from all the cutbacks go?

So in the last election, there was a coalition between the Tories and Lib Dems. There were cutbacks, but some thing were stopped by the Lib Dems, such as tuition fees only going to £9000 instead of ...
1
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2answers
219 views

What is the Republican motivation for supporting the Trans-Pacific Partnership?

I don't understand why Republican moderates like Boehner and Paul Ryan are pushing so hard for the Trans-Pacific Partnership. What is it they are trying to achieve? I have looked for statements by ...
16
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2answers
6k views

What happens if a country becomes bankrupt?

What happens to the citizens of the country? What happens to the sovereignty of the country? What happens to the neighbors? For example, what will happen if Greece becomes bankrupt?
4
votes
1answer
145 views

Could a US state forbid a too-large-to-fail bank from operating in its jurisdiction?

There's been suggestions for years about how the US federal government should break up companies that are "too big to fail", i.e. their failure would pose a systematic risk to the entire economy. The ...
0
votes
1answer
67 views

Japan, USA and the new Asian Infrastructure Investment Bank

Why is Japan not part of the new AIIB? Why are countries like the United States, France or Germany are against it?
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2answers
906 views

Can a country prosper without a strong industrial production?

Can a country develop only by providing services and exporting commodities? Considering all the hype associated with the so called "creative economy" based on innovation and entrepreneurship, is this ...
5
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3answers
544 views

Is the $210 trillion fiscal gap measurement valid/true and is it possible to fix it?

Laurence Kotlikoff says the fiscal gap is $210 trillion. Wikipedia defines "fiscal gap" thusly: The fiscal gap is a comprehensive measure of a government's total indebtedness. Proposed by ...
4
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4answers
879 views

But without government, who will take care of the poor? [closed]

Without government, who will take care of the poor? One government defines poverty as $11,888/yr for an individual.