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/

Filter by
Sorted by
Tagged with
0
votes
0answers
47 views

Are there states/countries where price gouging is completely legal? [migrated]

According to Wikipedia: As of March 2021, 42 states have emergency regulations or price-gouging statutes ... Some states that do not have a specific statute addressing price gouging, can nevertheless ...
12
votes
3answers
540 views

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 ...
5
votes
1answer
1k views

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 ...
5
votes
1answer
71 views

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 ...
24
votes
5answers
4k views

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 ...
1
vote
0answers
20 views

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 ...
5
votes
2answers
357 views

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 ...
7
votes
3answers
2k views

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 ...
21
votes
7answers
4k views

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 ...
2
votes
3answers
598 views

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 ...
42
votes
9answers
7k views

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 ...
11
votes
5answers
989 views

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 ...
26
votes
3answers
5k views

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 ...
41
votes
4answers
9k views

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 ...
9
votes
1answer
356 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 ...
9
votes
1answer
523 views

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 ...
10
votes
2answers
2k views

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 ...
14
votes
2answers
4k views

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 ...
21
votes
4answers
7k views

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 ...
7
votes
3answers
371 views

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 ...
2
votes
2answers
699 views

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 ...
1
vote
4answers
201 views

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, ...
3
votes
1answer
244 views

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?
4
votes
2answers
513 views

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:/...
24
votes
9answers
6k views

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 ...
2
votes
2answers
7k 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?
19
votes
3answers
3k views

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 ...
4
votes
1answer
417 views

What are the main obstacles for implementing a Resource Based Economy (RBE) as proposed by Jacque Fresco?

A couple years ago I saw a movie about The Venus Project (TVP) and was very excited about it, but after reading a couple books (The Blank Slate, How the mind works) from Steven Pinker it seems to me ...
34
votes
8answers
10k views

How do governments keep track of their issued currency?

If a government issues currency and it ends up in bank accounts abroad, what stops banks from making a 'mistake' during a transfer, accidentally duplicating the currency? Is there some central ...
6
votes
1answer
402 views

How were farmers affected by demonetization in India?

In 2016, The India government declared ₹500 and ₹1000 banknotes of the Mahatma Gandhi Series invalid. This announcement led to significant economic disruption. It is said that farmers were affected ...
1
vote
1answer
174 views

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 ...
2
votes
0answers
62 views

What are the implications of the Bank of England directly financing government spending?

HM Treasury has announced this morning (April 9th) that the UK has temporarily extended the Ways and Means facility (the government's overdraft with the BoE) in order to fund the fight against the ...
45
votes
10answers
22k views

Why don't countries like Japan just print more money?

Modern Monetary Theory states that a sovereign country will never go bankrupt. It can just print more money. Of course, printing more money would lead to inflation. But some countries have the ...
25
votes
4answers
5k views

How does the credit rating of a country affect its populace?

I am coming from a UK perspective; we lost our AAA credit rating in 2013, and dropped again in 2017 after the referendum on European Union membership. It was reported last week that we are set to be ...
8
votes
3answers
3k views

Can the European Central Bank “print money” to partially mitigate the economical effects of the coronavirus infection spreading?

SARS-CoV-2 infection managed to bring a significant part of the economy to a halt and it is expected for lots of companies to have cash flows problems (e.g. impossible to pay the suppliers). I have ...
12
votes
1answer
798 views

What are the details of the Federal Reserve's $1.5 trillion injection?

According to the Wall Street Journal, in order to attempt to slow the economic contraction caused by the Covid-19 virus, the Federal Reserve has promised to inject $1.5 trillion into the economy, by ...
11
votes
1answer
631 views

How much of the deficit would be reduced by increasing taxes on the top 1% to 1990s levels?

President Obama has talked about raising taxes on the super-rich as one way to balance the national budget. This New York Times opinon piece says: We can achieve significant deficit reduction ...
2
votes
2answers
240 views

How much of North Korea's economy is supported by the black market?

I read from a news article that North Korea is generally supported by a black market that the government generally accepts . What percent of the economy is supported by this black market and how much ...
6
votes
3answers
419 views

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 ...
100
votes
26answers
40k views

What is capitalism's answer to constant economic growth hitting the limit of the planet's finite resources?

We keep hearing a lot about economic growth in the media and this answer shows us why it is so important: Therefore, we have three options: A constant increase in unemployment. (Generally ...
18
votes
3answers
3k 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
3answers
198 views

How possible is it for a city's courts to assuage fiscal distress with extreme bail?

I'm watching a television murder mystery where the prosecutor asked for the suspect to post $1 billion bail. This leads me to question how possible it is for a city to use its court system to request ...
3
votes
2answers
404 views

How did Obama improve the economy

Obama inherited a bad economy from Bush. My question what policies is Obama responsible for for improving the economy? What exactly did Obama do? When I look at the stats its clear during his ...
0
votes
1answer
164 views

How does one determine the source of funds (money) for a government expenditure?

When a government decides to spend money, they have 3 primary choices (please correct me if I'm mistaken): Spend money they already have (from taxes) Borrow money (from people/organizations within ...
28
votes
10answers
4k views

Is there a link between democracy and economic prosperity?

Is there a link between democracy and economic prosperity? Generally, democracy correlates with a good economic performance but not always. For example, why does Ghana have a high level of political ...
14
votes
10answers
15k views

Are worker cooperatives socialist, capitalist, or their own category?

This question inquires about private ownership vs. state ownership. However, there is a 3rd category that may or may not be considered as private ownership: Worker cooperatives. In the model of ...
25
votes
2answers
4k views

Is US Congressional spending “borrowing” money in the name of the public?

Watching the C-SPAN feed in regards to the American Rescue Plan, Rep. Tom Rice insists that we are "borrowing ~$5,500 for every man, woman, and child in [the US]." I remind the people back ...
4
votes
1answer
334 views

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 ...
20
votes
3answers
4k views

Why hasn't Russia or China come up with any system yet to bypass USD?

China urged to tap RCEP trade deal for future digital payments system as US sanctions loom China should consider using digital technology to develop an alternative to the SWIFT financial payments ...
3
votes
1answer
80 views

Why did the proposal for a Common Assets Trust (CAT) not pass the Vermont legislature?

The idea of a common assets trust (CAT) is to hold and manage natural and collectively created assets and pay citizens a dividend from the proceeds. The proposal entered the Vermont legislature twice (...

1
2 3 4 5
10