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Economics
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- 3Upvotes of all answers to this question
Why are monopolies bad?
The only time I could see a monopoly being bad is if it was a necessity like air or water. If the company raises the price of anything else too much, people will either stop buying it or shop for a similar product.
6 Answers7 days ago - 0Upvotes of all answers to this question
It is true that the left always produces poverty and the right wealth?
This statement is true:
The left always produces poverty and the right wealthWhat do you think about this statement
4 Answers6 days ago - 4Upvotes of all answers to this question
anyone else worried that the US dollar is getting ready to be worth half the amount it is now due to inflation from all the stimulus money?
how it feels knowing that all your savings you have in us dollars is getting ready to lose value by as much as half due to all the 6 trillion $ the us gov. has printed out in past year due to Covid?
5 Answers1 week ago - 8Upvotes of all answers to this question
- 0Upvotes of all answers to this question
I don’t understand gdp? Any help explaining would be great ?
Favourite answer:GDP is the gross value of all goods and services produced by a country or state within a given year.
4 Answers1 week ago - 1Upvotes of all answers to this question
35 percent of all US Dollars were created in the last 10 months. What does this mean for the economy?
Favourite answer:Almost all of that ''35% of USD created'' is to replace old currency. Most dollars today are electronic, not paper. The IRS mailed checks or did direct deposit, no one got cash in the stimulus.
Contrary to the other comment: Federal Reserve Chairman Jerome Powell told lawmakers he doesn't expect the $1.9 trillion stimulus package will lead to an unwelcome increase in inflation, but he emphasized that the central bank has tools to deal with rising price pressures if necessary.
USD has had steady inflation for a century now, it is extremely stable, this is why it is the worlds #1 reserve currency. The US Government is NOT printing more dollars to pay for the stimulus.
What is concerning is the increased national debt. USA has a massive economy to deal with the debt, debt to gdp ratio is not as detrimental for the US government as it is for many other western countries, or Japan for example.
But if we continue to increase our national debt it could decrease our national credit score which will make lending more difficult for consumers, thus hurting the private sector.
4 Answers2 weeks ago - 28Upvotes of all answers to this question
who thinks the US economy is 'roaring back' ..? will we have the 'roaring 20s"? why news seems to promote this idea?
Favourite answer:The stock market and housing markets are both artificially inflated and the bubble will burst badly. We are on the cusp of a depression far worse than the Great Depression. Mark my words, it is going to be a very unpleasant few decades.
11 Answers3 weeks ago - 1Upvotes of all answers to this question
T or F: Technological innovation is the only source of economic growth?
4 Answers3 weeks ago - 1Upvotes of all answers to this question
What would a collapse of the United States look like?
And how close are we to that point...?
7 Answers3 weeks ago - 4Upvotes of all answers to this question
is the USA already in a "Great Depression II" ? (it is just the stock market & the news media is not recognizing it yet? why?)?
Favourite answer:they do brother, but they are not paid to promote that, or they or not paid to promote how democrats said they were gonna kill Trump either, the media is controlled by satan anyways, you wont get the truth on the news or media, you have to find 3rd parties for news these days my man
5 Answers4 weeks ago - 2Upvotes of all answers to this question
what is the probability we will lose our status as world reserve currency and if that happens what currency will replace it?
what is the second strongest currency in the world? would that replace the dollar
4 Answers3 weeks ago - 8Upvotes of all answers to this question
when it is OBVIOUS that the stock market is in a massive bubble, why do people keep buying MORE stocks at inflated prices?
Favourite answer:Tesla -32%, GameStop -63%, Peloton -39%, Zoom -48%, WeWork -81%, IPO -22%, CNBC SPAC 50 -20% and so on. People who jumped on these fad stocks late got screwed. "A fool and his money are soon parted."
6 Answers4 weeks ago - 1Upvotes of all answers to this question
Is digital money good for the world economy?
5 Answers4 weeks ago - 31Upvotes of all answers to this question
is the US economy getting ready to boom or bust? why?
Favourite answer:The biggest threat to the global economy is ballooning levels of public debt. It's almost this pandemic is being used as an excuse to crash the global financial system.
19 Answers1 month ago - 11Upvotes of all answers to this question
what would be the reason to lie about the unemployment numbers? who reports these and how would lying about them benefit them?
Favourite answer:Politicians would like to see the great figures to boast that their policy is working. Chinese GDP statistics were accused by the Indien that they have been manipulated. So that China might be able to show that it is ahead of India, or even the US. In the countries with big informal sector, there are harder to collect statistics. And it might be a lie.
8 Answers1 month ago - 5Upvotes of all answers to this question
where did this "4 percent growth" that everyone has been talking about happen exactly in the U.S. Economy?
Favourite answer:You might be correct in your ambit because it is very hard to find work. The most small businesses have been collapsed. but the 4% growth is there, and based on the lated prediction it would be 6.5% in 2021. And investors believe this prediction to become true. They are buying 10 year bonds day and night. The stock buying back is coming into an end. The consumptions are going up. So is the investment. The most worrying is in the labor markets. People who left jobs to take care their kids will not be able to come back. And the most worrying of the nation is a huge mountain of public debts. What are we going to do about it?
8 Answers1 month ago - 7Upvotes of all answers to this question
if the US economy crashes, will there be more riots? how compared to 2020? why?
Favourite answer:It should be because no one will stay put to see the robbery. In 2020, the Dems have shown every one that they were aggressive.They robbed and destroyed everything. Now the other side of the coins are well-prepared to protect themselves and their families. They won‘t just see their towns to be destroyed forever reasons. They have bought the guns and the bombs.
5 Answers1 month ago - 10Upvotes of all answers to this question
So, are we technically still in a "recession" or is it now a "Depression"? when the cross over happens and why, how depends/?
Favourite answer:You know how some words used to be brand names but are now generic? Kleenex, escalator, kerosine, crescent wrench, etc? 'Depression' is like that.
When the stock market crashed and people began losing their jobs and homes, President Hoover said 'This is not a recession! Only a slight depression!' IOW he meant 'depression' to mean something less than recession. But then people began calling it 'The Depression' and it got worse and worse, and now we call it The Great Depression.
We've had recessions since then. In the 70s, at the end of the Vietnam War, we had one of the worst since the 30s, and we re-defined 'recession' to mean two consecutive quarters of negative growth. The recession of 2008/9 was bigger than the Nixon/Ford/Carter recession but didn't last as long.
5 Answers1 month ago - 2Upvotes of all answers to this question
are they lying about the REAL unemployment numbers? how much so? and how and why exactly? ?
Favourite answer:not everyone is accounted for on the census or with statistics in general I'd imagine there is a significant amount of underreporting not many folks want to admit they don't have a job
4 Answers1 month ago - 1Upvotes of all answers to this question
How has economic growth harmed our environment?
5 Answers1 month ago