Economics is the social science that analyzes the production, distribution, and consumption of goods and services. Macro-economics studies the large-scale behaviour of the whole economy. Micro-economics studies small-scale behaviour from individual transactions to the behaviour within particular ...

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43
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3answers
10k views

Did the UK slip to sixth largest world economy from fifth, less than 24 hours after the EU referendum vote?

Some news sources have reported that in the 24 hours after the UK's results on the EU referendum came through, the UK dropped from 5th largest economy in the world, to 6th, being overtaken by France. ...
10
votes
1answer
764 views

Does the UK send the EU £350 million a week?

I got this propaganda leaflet through my door today, this has been widely claimed by parties in favor of the British EU referendum: We send the EU £350 million a week - let's fund our NHS ...
106
votes
3answers
18k views

Did Germany produce so much renewable electricity on May 8th 2016 that their power prices went negative?

This picture has been floating around the internet On May 8th, 2016, Germany's solar, wind, hydro and biomass plants generated so much energy, power prices actually went negative. Is this true?...
3
votes
0answers
201 views

Can 3D ocean farms provide food and biofuel far more sustainably than other sources?

This article in The Nation contains an excerpt from “Ecological Redemption: Ocean Farming in the Era of Climate Change,” a lecture by Bren Smith given at the Thirty-Fifth Annual E. F. Schumacher ...
5
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0answers
100 views

Is austerity effective at boosting an economy's growth or reducing a country's debt? [closed]

Some governments currently have austerity policies, which involves large cuts in public spending. The claim made is that this is necessary to reduce the country's deficit, and boost the growth of the ...
3
votes
1answer
234 views

Could candy crush in-app purchases gross revenue keep over a million children fed in africa? [closed]

Discussing the mobile app in-app-purchase model, candy crush came up, and someone said the gross revenue of that app family alone could keep over one million children fed in africa. Some googling ...
21
votes
1answer
831 views

Does the U.S. government spend four times as much on welfare as it would take to eliminate poverty by giving the necessary cash?

According to this article by Peter Ferrara, the U.S. spends more than four times as much on welfare as it would take to simply cut every person under the poverty line a check large enough to bring ...
0
votes
1answer
117 views

Can MSG be made from petroleum [closed]

Once again a famous article on how bad is Nutella was shared to me. Thankfully, from Skeptics we can disminish the main argument of the claim which rely on the fact that MSG is bad (but as shown here, ...
9
votes
1answer
623 views

Does the US spend more on prisons than public education?

I have heard often that the US as a whole or States in it "spend more on prisons than on schools". This is apparently true for higher education, but I am interested in schools as in public education (...
77
votes
1answer
6k views

Do researchers receive no income from revenues arising from their published papers?

According to this article Meet the Robin Hood of Science (about the creator of a website to bypass paper access restrictions and paywalls), Elbakyan made a point that will likely come as a shock ...
65
votes
1answer
8k views

Does the cardboard box cost more than the corn in cornflakes?

In today's edition of CNN Student News (transcript), devoted to the topic "breakfast cereal", the following claim was made: Let`s start with the cereal itself. At its core, cereal is actually the ...
13
votes
1answer
592 views

Have the Clintons received $153 million in speaker fees?

The Hill reported in an article entitled, "Clinton promises to release Wall Street transcripts if opponents do the same". Clinton and her husband, former President Bill Clinton, have racked up $...
2
votes
1answer
434 views

Has the US given more aid to the average Israeli citizen than the average American citizen?

From an article entitled, "U.S. Aid to Israel: What U.S. Taxpayer Should Know", by the Washington Report on Middle Eastern Affairs, Since 1949 the U.S. has given Israel a total of $83.205 billion. ...
5
votes
1answer
353 views

Has the average standard of living in the United States decreased in recent years?

I have seen many articles claiming that the standard of living in the United States has decreased over the last 15-30 years. (I understand standard of living to be the ability of workers to buy the ...
19
votes
2answers
428 views

Do certain Indian beggars earn in excess of INR 50k per month?

The below image has been circulating on Facebook on and off, it says that rich beggars earn 50-130k per month Is this number substantiated by any concrete data? For context, 1 lakh = 100k 1 Crore(...
5
votes
0answers
197 views

Is the optimal temperature for human productivity 13°C? [closed]

A recent study attempting to quantify some of the economic costs of a warming climate argues that the optimal temperature for human productivity seems to be 13°C. As the Washington Post reports: ...
2
votes
0answers
127 views

Is it true that the amount of debt is (always) equal to the amount of credit? [closed]

I recently noticed critics of our financial system state that the amount of debts is always equal to the amount of debts. Is this true? I have so far only found German-language sources for this claim, ...
4
votes
1answer
279 views

In literate countries, does more education lead to more economic growth?

In Matt Ridley's latest book he makes many challenges to widely accepted ideas. He challenges the widely held idea that more education is good. For example: Is there any evidence that it was ...
2
votes
1answer
245 views

Does government funded R&D promote economic growth?

In Matt Ridley's latest book he repeats a claim originally made by Terence Kealey (my highlighting): In 2003, the OECD published a paper on ‘sources of growth in OECD countries’ between 1971 and ...
16
votes
1answer
3k views

Is extreme poverty in the world getting worse?

In a recent Guardian article Jason Hickel argues that the west needs to de-develop in order to have any hope of meeting the UN goal of eradicating world poverty. He specifically says: Growth has ...
19
votes
1answer
2k views

Did the United States annual free tax credits paid to illegal immigrants quadruple to 4.2 billion in 2011?

In Donald Trump's Immigration Policy for the 2016 US Presidential Election campaign, he claims: The costs for the United States have been extraordinary: U.S. taxpayers have been asked to pick up ...
28
votes
1answer
1k views

Is Donald Trump's ratio of bankruptcy to businesses consistent with the success rate of other entrepreneurs?

Closely related to this question: Did Donald Trump file for bankruptcy four times? Donald trump has consistently claimed that filing for Chapter 11 bankruptcy is not unheard of and 'only' four ...
6
votes
1answer
233 views

Did Libyan brides get a USD 90000 dowry from the government?

This pro-Gaddafi source used in this answer makes the claim that, amongst other benefits Libyan citizens get from the Gaddafi government, Libyan brides get a 90000 USD dowry from the government: ...
4
votes
0answers
133 views

Can the world economic crisis affect Brazil that much as stated by our President? [closed]

So, as most of you probably know, Brazil is in a deep economic crisis. (I'm a brazilian, but I'm linking a outsource media for reference). One of the consequences of this crisis, is the Brazilian ...
4
votes
0answers
276 views

Was it common in the USSR for an enterprise to buy steel knives so to melt down them for steel?

This article claims it was common in the USSR if an enterprise needed steel, to buy say knives or other steel goods and melt them for steel. In general, control by the ruble was designed to ...
4
votes
0answers
255 views

Did only 9700 women reply to messages on AshleyMadison.com? [duplicate]

From Gizmodo.com: Yet another field, reply_mail_last_time, showed a similar disparity. This field contained the time when a member had last replied to a message from another person on Ashley ...
14
votes
1answer
7k views

Is Snopes.Com funded by George Soros?

Snopes is sort of notorious for being a relatively "bias-free" fact-checking site. However, I notice that in certain conservative circles it is written off as funded by liberals, most notably the ...
8
votes
2answers
858 views

Do teachers make more per hour on a career basis than doctors?

This site, shared on facebook many times, as well as linked in many places, claims that, because of the immense amount of debt and training doctors must undergo, an American physician, when you divide ...
3
votes
1answer
541 views

Does sealing electrical outlets reduce heating costs?

I stumbled upon this blog post which claims that installing foam gaskets and plugging your electrical outlets with plugs will reduce your heating costs by reducing air leakage. Is this true?
4
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0answers
231 views

Is America's prosperity the result of slavery? [closed]

It has been claimed (see below for example) that America's relatively high prosperity is the result of slavery, which enabled the development of American capitalism, by using slaves as, well, capital, ...
13
votes
0answers
489 views

Are beggars in the Nordic countries cities typically part of organised networks?

In Sweden and other Nordic countries, the presence of beggars on the streets is a relatively new phenomenon, with many beggars originating from new EU member states. There are frequent claims that ...
65
votes
3answers
15k views

Has the Red Cross raised half a billion dollars for Haiti to build 6 houses?

According to this article the Red Cross raised half a billion dollars and yet only built six houses in Haiti while claiming to have housed 130,000 residents. In late 2011, the Red Cross launched ...
3
votes
1answer
302 views

Can credit cards be cloned remotely with an RFID reader?

This news story from "13 Investigates" shows Walt Augustinowicz (an RFID expert, and seller of RFID proof pouches) who has a portable reader than picks up credit card details while they are still in ...
2
votes
0answers
183 views

Is about 50% of world population middle class? [closed]

According to this news more than 50% of people would be middle class: http://www.economist.com/node/13063298, the news is from 2009 so maybe now it would be around a 48% or the like considering there'...
3
votes
0answers
105 views

Does increasing the middle class result in lower birth rates? [closed]

I saw an article or two about the phenomenon of well off upper class families having large families. It claimed that his broke the trend of increased economic status resulting in smaller families that ...
12
votes
1answer
2k views

Do Greeks evade taxes by not finishing their houses?

I've heard this claim several times: Q: Why are there so many unfinished houses in Greece? A: as long as the house is not finished, they don't have to pay building tax for it. So the leave it ...
1
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0answers
27 views

Can pre-2009 BLC U2 data be compared to Post-2009 U2 data [closed]

Were there any changes made to sets of those included/excluded in the Bureau of Labor Statistics U2 Unemployment calculations in 2009?
90
votes
2answers
11k views

Are there more open jobs than available developers?

A recent Stack Overflow blog post claims that: With nearly five open jobs for every available software developer, the need for qualified technical talent is higher than ever. I have seen this ...
8
votes
1answer
584 views

If you have half of a Canadian $20 bill, is it worth $10?

I recently saw this tweet by What The F*** Facts: In Canada, if you have half of a $20 bill, it is worth $10. Is there any truth to this claim?
5
votes
1answer
615 views

Are male nurses salaries higher than female nurses salaries?

A recent article on USA Today claims that on male nurses make more than female nurses: even in an occupation that women overwhelmingly dominate, they [women] still earn less than men [...] ...
9
votes
2answers
494 views

Is Singapore the most expensive city in the world?

According to this article, Singapore is now the most expensive city in the world Can that be true? I haven't been to Singapore for about 10 years but last time I was there, whilst it wasn't third ...
2
votes
0answers
212 views

Did a dust storm in Saudi Arabia cause it to “rain” money?

The report Video: Storm in Saudi Arabia (or Dubai) causes money to rain. Emirates 24|7 News, February 24, 2015 claims that a recent dust storm in Saudi Arabia contained, briefly, bank notes ...
32
votes
1answer
8k views

Has every U.S. presidential election been won by the candidate with the most money?

According to Russell Brand: Every election in American history has been won by the party with the most money to campaign. Let's assume that he means every presidential election. Has every ...
7
votes
0answers
295 views

Did Comcast attempt to coerce Netflix by slowing down its traffic?

In 2014, a news story erupted over a dispute between Netflix and Comcast over connectivity and distribution. Comcast was accused of deliberately blocking or restricting Netflix traffic. For example, ...
18
votes
1answer
783 views

Does the UK government have only 300 staff investigating tax evasion of £70bn+ vs 3250 staff investigating benefits (welfare) fraud of £1.2bn?

The following graphic is doing the rounds on Facebook: Is it true? Does the graphic give an accurate representation of the comparative headcount/effort/resources that the UK government (as a whole)...
3
votes
0answers
235 views

Is the city of Marinaleda a socialst utopia? [closed]

According to this article and many many others, the Spanish city of Marinaleda is a socialist utopia. The article claims that the mayor and city organizes raids against the local grocery stores to ...
5
votes
0answers
604 views

Do the richest 1% now have more wealth than everyone else?

The charity Oxfam recently launched a media campaign about global inequality with the startling statistic (this page on their website): ...inequality is rising: the combined wealth of the richest ...
42
votes
1answer
13k views

Did Einstein ever remark on compound interest?

In personal finance articles I frequently find quotes injected to attribute some further relevance to one's position. Over the years, I've read Einstein quoted as saying that 'compound interest was ...
6
votes
0answers
238 views

Is anti-whaling activism almost as big an industry as the whaling industry?

In the article Confronting Paul Watson and Sea Shepherd, Tetsuhiko Endo writes: In a March 2012 article in Nature, Christopher Costello and Steven Gaines from the University of California, point ...
10
votes
0answers
329 views

Is racial income inequality currently in US worse than it was in Apartheid South Africa

As reported here, (and here) white/black wealth inequality is worse now in the US than it was under Apartheid South Africa. The figures brought up during the segment are backed up, too. America'...