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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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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, ...
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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 ...
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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:/...
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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 ...
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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?
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 (...
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Why do some governments mandate that companies pay out a 13th salary?

According to Wiki: A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December. Although the amount of the payment depends on a number of factors, it ...
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Has the European Union taken any concrete steps towards reducing its economic dependency on China?

Coronavirus showed in 2020 spring that the European Union has considerable economic dependency on China: Chinese manufacturers and suppliers have shut down factories and offices in an effort to ...
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Is any government considering taxing remote work more than “regular” work?

Deutsche Bank proposed a 5% tax for remote work as remote workers enjoy several benefits such as more safety (e.g. from COVID), reduced costs due to less traveling and less socializing. A research ...
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Is there a way for the EU except for Hungary and Poland to use Pandemic Relief Funds without approval coming from Hungary and Poland?

According to npr.org, the EU has a hard time passing the EU Budget which contains the pandemic relief funds for hard-hit nations. The European Union's landmark stimulus plan to assist member states ...
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Why is active income taxed more than passive income?

In the United States, ordinary wage income is taxed at a much higher rate than capital gains. It changes from year to year but in general the maximum bracket is 35% vs 25%. This is counter intuitive ...
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How to find information about national export distribution discounting input imports?

I'm interested in the export distribution of the state I live in (specifically, it's Israel, but that's not the main point). Now, there's definitely information about world states' distribution of ...
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Can anyone provide historical datasets giving country-by-country ratio of export-agriculture sector to domestic-use-agriculture sector?

Essentially, I want to examine the effect of agricultural commercialization on a number of factors and considered this a good place to start. Does anyone know of any such datasets, preferably ...
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Has the permanent membership in UNSC of China (PRC) helped them to attain such a big economy?

Has the permanent membership in UNSC of China (PRC) helped them to attain their big economy? In other words, has the permanent membership of China beneficial to their economic growth and size? In ...
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What US can response to China restriction on rare-earth elements export? [duplicate]

Recently, Nikkei Asian Review posted an interesting article - the main point is that China is preparing restrictions on rare earth metals to countries opposing China. That is treated as Chinese answer ...
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How can governments convert informal work into formal work?

In Argentina, it is estimated that about 48% of all work is informal or off-the-books work which is not reported to the government or properly taxed. This hurts the government's tax revenue and can ...
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Can a reduction of employer taxation lead to more equal income?

In Argentina, it's usually said that the economic burden on employers is very heavy (just an example). So much so that, if it were lifted, more people would become employed, but I don't quite ...
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What is the difference between a business and a government?

During my attempts at elaborating any prior research or analysis, I realized I was answering the question myself. I will post that partial answer below. Nonetheless, one thing which I deliberately do ...
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What are the upsides of having a birthright citizenship policy?

I've been reading a lot about the birth tourism issue in Canada lately, but this issue applies to any country with birthright citizenship. From a New York Times article describing the issue: Under ...
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Is US Commerce Department Policy set by Presidential Appointees?

I like the dialogue to orbit the eponymous question and not national security. The current administration has taken a hawkish approach with trade under the guise of national security: https://www.wsj....
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What have been Trump's successful policies/reforms? [duplicate]

Honestly, I'm not personally inclined to support Trump because his rhetoric and misinformation tactics rub me the wrong the way, but I make a point to consume centered media as often as I can and I ...
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How can wages/income be aligned with social value production?

Many people would argue that nurses provide more value to society than investment bankers*, yet the latter position is paid significantly more than the former. This fact is often lamented. My question ...
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Is government actually related to population density?

I have a theory that government is actually the result of population growth. Nevada had 40,000 people in 1900. If 10% of those cared and your family and friends group was 1,000 people, you were 10% of ...
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Is “fiscal cynicism” an issue in any Western country?

Local and general elections are coming soon in Romania and there is a debate related to a law discussed by the Romanian Parliament: raising pensions by 40%. The opposition seems to want this to really ...
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Why does South Korea invest 4.6% of their GDP in scientific research?

The amounts countries are spending on R&D in PPP$ This link shows that South Korea is the largest spender of R&D in the world in terms of amount. What drives them toward such enormous amount ...
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What are reliable indicators of a third world or non developed nation?

Singapore went from third world to first world in ~30 years. So I posit that the reverse is possible too. I want to objectively know if US, as place to live, is on the decline. To that effect, what ...
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What are the positions of the main Latvian parties on Latvian Special Economic Zones?

I recently discovered that Latvia has five Special Economic Zones (SEZs) which have the purpose of assisting regional development by bringing in more foreign direct investment (FDI) and creating more ...
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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 ...
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Who did something wrong in 2007-2008 financial crash?

In 2008, U.S. taxpayers spend hundreds of billions of emergency dollars to stabilize the economy. Who specifically did something "wrong" (whether criminal, unethical, or stupid), and what ...
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If India imposes similar measures as the USA against China, what would be China's options? [closed]

India is a huge market for Chinese products. Recently, India imposed bans on 59 Chinese mobile apps. Even though Chinese investments are deeply entrenched in India, India is mulling on restricting the ...
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Trading on WTO Rules

Many Countries are a member of some Regional Trading Organization, which facilitates trade within a particular continent, or have bilateral trade deals with other Countries. Are there any examples of ...
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Do Democrats in general not perform better than Republicans in handling US economy?

In recent US general election polls, I found that despite that Republicans (Trump specifically) are behind in almost all aspects, they are always leading in being trusted in handling US economy over ...
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Does anyone gather data on countries by *median* GDP/capita?

Lists of countries by GDP/capita suffer the problem of giving the mean value (i.e. the classical average, total GDP/population). This can lead to countries that have a few fantastically wealthy people ...
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Why is using the euro instead of a local currency such a big deal and why is the wealth of the society an argument?

I think this is a question of both economics and politics, but I decided to ask it here. There will soon be elections in Poland. There was a debate about this question: should Poland keep the złoty (...
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Do the US and most EU countries effectively have a flat income tax system?

In the US and most EU countries, there is a progressive income tax system. However, income tax is not the only tax and there many other direct and indirect taxes. Almost all other taxes, such as ...

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