Questions tagged [economics]

Economics is the analytical study of the costs and benefits of producing, distributing, and consuming goods and services. This tag should not be used for personal finance questions, nor for most questions about expensive items, e.g. exorbitantly priced houses, autos, jewelry. It can be used for current events, and in historical contexts.

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7
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1answer
213 views

Did China import 2 billion masks earlier this year to control Covid-19?

I'm wondering if there's not a typo in a recent paper that says that to control the COVID-19 outbreak, the Chinese government imported more than 2.0 billion facemasks between 24 Jan 2020 and 29 Feb ...
4
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0answers
993 views

Do restaurants have ugly sections? [closed]

Disclaimer: asked on Travel SE https://travel.stackexchange.com/q/154682/13746 but was closed. There's a theory that restaurants have a section for good looking people and a section for ugly people. ...
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0answers
445 views

Did two brothers steal credit card information worth millions and walked away scot-free because banks were embarrassed?

In this DEFCON talk at around 24:52 minute mark, the speaker (a Cambridge professor) tells a story of two brothers stealing millions of dollars using a weakness in credit card terminal technology, and ...
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2answers
613 views

Do library fines affect return rates?

I just got an email from the Free Library of Philadelphia announcing that they no longer charge fines for material returned past the due date. The announcement, reproduced on their blog contained the ...
7
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1answer
638 views

Did 20% of American millionaires inherit their riches?

A 2019 Investopedia article, 7 Millioinaire Myths, which has been widely copied makes the claim that "Millionaires Just Inherited Their Money" is a false preconception: According to Thomas J. ...
7
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0answers
702 views

Do 30 year old Millennials have lower average household income than Gen X did?

A 2017 Business Insider article claims that, in the UK: for the first time in more than 100 years the current generation of workers — millennials — are doing worse than the generation before them, ...
20
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1answer
5k views

Did (former) German Minister Manfred Lahnstein admit that Germany wanted the EMS in order to get a competitive edge over other European countries?

A 2017 article about the European Monetary System (EMS) in Foreign Policy relates this story: But there was always a suspicion that Germany was trying to get long-term trade advantages from linking ...
8
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0answers
618 views

Can a Cuban taxi driver make a doctor's monthly salary in just one hour?

A recent video by the Guardian, 'It's not fair': why Havana's taxi drviers vastly out-earn doctors looks at the difference between public sector workers and the privately employed in Cuba. The video ...
3
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5answers
878 views

Did the 2018 drought in Europe result in 2019 worldwide grain crop not meeting demand?

An essay on T-Online.de makes the following claim: Schon ein einziger Dürresommer in Europa 2018 führte dazu, dass die Getreideernte in diesem Jahr weltweit den Bedarf nicht mehr deckt (noch gibt ...
4
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1answer
811 views

Did Lyft and Uber pay drivers for just turning on the app and not picking up passengers?

This recent Mirror article, Couple explain exactly how they saved up £1.6million to retire at 41 claims: "For a period, we drove for Uber and Lyft in the San Francisco bay area. "For us, it ...
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3answers
8k views

Does Turkey make the “structural steel frame” for the F-35 fighter?

In a tweet of Donald Trump (which was also carried without commentary in this regard by the Washington Post) he says So many people conveniently forget that Turkey is a big trading partner of the ...
4
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1answer
411 views

Did US Govt profit from the 2008 financial crash bailouts?

This site here says that basically, the government sold back some of the assets it bought to bail-out banks during the financial crisis of '08. I'm assuming it was basically the federal bank that ...
4
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1answer
238 views

Was the Dow Jones average more unstable after 2017 than in the preceding post-2008 years?

A Salon article says that Trump's trade war of choice against China has turned a steadily rising Dow Jones average, through 2017, into an unstable sawtooth pattern with massive single-day declines ...
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0answers
250 views

Is transportation highly pollution intensive, relative to production?

The text of this paper, Batra and Belladi (2012), claims: transportation is highly pollution intensive, specially relative to production They provide some more context: With international ...
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5answers
19k views

Do 643,000 Americans go bankrupt every year due to medical bills?

I've been seeing a specific graphic circulating all over Instagram for the past few days. Here's Kim Kardashian posting it on her story. Two things seem odd about this graphic. The first is the 643,...
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2answers
2k views

Does Denmark lose almost $700 million a year “carrying” Greenland? [closed]

In this precise moment of this video, (found on this this article) Donald Trump says about Greenland: It's hurting Denmark very badly because they are losing almost $700m a year carrying it, so ...
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2answers
11k views

Does fossil fuels use since 1990 account for half of all the fossil fuels used in history?

This recent claim appeared on Twitter: If you are 29, you’ve been alive when half of all the fossil fuels ever burned throughout all of human history have been burned The source appears to be an ...
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1answer
416 views

Did China choose to finance the US after the 2008 crisis?

In today's edition of Le Monde there is an article about the increasing quantity of money in the world, and the problems or benefits that this might yield. In the introduction to the article the ...
27
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4answers
11k views

Is there a wealth gap in Boston where the median net worth of white households is $247,500 while the median net worth for black families was $8?

This quote—or some variant of it—has been floating around the news and social media world; this comes from Boston.com on July 26, 2019: According to a 2015 report by the Federal Reserve Bank of ...
9
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1answer
685 views

Has the consumption of electricity, steel, copper, gold, water, paper, etc… decreased or flatlined in the U.S. since around 2009?

The following claims are made in this Wired magazine article titled, “How the iPhone Helped Save the Planet” from June 29, 2019; bold emphasis is mine: “Total electricity use in the US, for example,...
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7answers
24k views

Do the 26 richest billionaires own as much wealth as the poorest 3.8 billion people?

Bernie Sanders, who is running for president in 2020 gave a speech a few days ago. He makes a claim which goes like the following: Today the world's richest 26 billionaires, 26, now own as much ...
10
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1answer
523 views

Can Technical Analysis (TA) predict future market prices?

According to Wikipedia, Technical Analysis (TA) is an analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume. As I ...
9
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1answer
879 views

Do 90% of startups fail?

I have seen this claim made in several popular websites that 90% of startups fail. Two examples: When the founder of a startup company shuts down her or his business, it’s customary to pen an ...
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0answers
366 views

Is this “the largest single donation to Oxford University since the Renaissance”?

The University of Oxford recently announced a £150 million donation from Stephen Schwartzmann, which their press release (PDF) prominently calls "the largest single donation to Oxford University since ...
4
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0answers
114 views

Has austerity caused the death of over 130,000 people in the UK? [duplicate]

On BBC Question Time, Thursday 13 June 2019, Francesca Martinez said: Austerity has caused the death of over 130,000 human beings in Britain. That is absolutely outrageous. That is 130,000 mums and ...
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1answer
705 views

Would a no-deal Brexit cause the grocery shopping bill of an average UK family to rise by £800/year?

The claim is: Brexit: No-deal outcome could force shopping bills up by £800 a year, says union Tariffs imposed under WTO rules would increase the price of everyday goods such as butter, cheese ...
4
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3answers
674 views

Did Mussolini say the state controlled three-fourths of the Italian economy?

Three-fourths of the Italian economy, industrial and agricultural, is in the hands of the state. And if I dare to introduce to Italy state capitalism or state socialism, which is the reverse side of ...
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0answers
618 views

Is 95% of what you read in the financial press “either wrong or irrelevant?” [closed]

From a Cato Institute article by Steve Hanke1 (emphasis added): Most press reports about Zimbabwe’s fantastic hyperinflation are off the mark – way off the mark. Even our most trusted news sources ...
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1answer
1k views

Were 51,000 Pennsylvania jobs lost under the Obama administration?

The GOP tweeted this: ...During Obama/Biden Admin, the Keystone State LOST 51,000 jobs. Under the leadership of [Trump], the Keystone State has ADDED 5,000 manufacturing jobs & its ...
13
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1answer
888 views

Does the UK provide 50% of EU's waters? And does this imply anything about fishing rights?

Leading Brexiteer Owen Paterson wrote in an article in the Telegraph about fisheries: At present, the UK provides 50 per cent of the EU’s waters but receives only a 25 per cent share of the Total ...
8
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1answer
368 views

Is there a better-supported explanation than economic hegemony, why “70% of firms targeted for anti-bribery by the DOJ are overseas”?

This BBC article quotes GE's former lawyer as saying that: Pierre Laporte, a former GE lawyer who now works as Pierucci's partner, notes that 70% of firms targeted for US anti-bribery action are ...
10
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0answers
243 views

Did the IMF admit that capital controls have been successful in Malaysia?

A DW article says Malaysia stood out as a country that refused IMF assistance and advice. Instead of further opening its economy, Malaysia imposed capital controls, in an effort to eliminate ...
22
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1answer
1k views

Was breaking apart coins for change ever a common custom?

Discussion at many online sites asserts that it was a common custom (e.g., in medieval or Roman times) to pay for a purchase with a coin and have the coin broken apart, with part of it returned as ...
136
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1answer
30k views

Did Amazon pay $0 in taxes last year?

Background I saw this article saying that Amazon paid $0 in corporate income tax last year. Is this true or just phrased to sound like they are getting away with paying nothing? Here's the article: ...
10
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1answer
1k views

Does skip-lagging/hidden city travel make flights more expensive?

From a recent MarketWatch article, This airline sued a passenger for skipping his flight — why we should all take note, George Hobica claims that “Hidden city cheaters make airfares more expensive ...
-10
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1answer
460 views

Is Collectivism the cause of the 10 worst famines of the 20th century?

David Harsanyi, in this twitter post and accompanying article, makes this claim: The 10 worst famines of the 20th century weren’t caused by the excesses of capitalism or by environmental disasters ...
81
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4answers
19k views

As of February 2019, were US wages rising at the “fastest pace in decades”?

The President of the USA, Donald Trump, told during his "State of the Union address" speech on 5th February 2019, that [...] wages in America are rising at the fastest pace in decades Source: at ...
3
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0answers
257 views

Does the UK subsidise fossil fuels more than other European countries? [closed]

According to a recent report in the Guardian the UK has much higher subsidies on fossil fuels than other European countries (presumably, it is the Guardian, this is a very bad thing). They report: ...
17
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1answer
839 views

Is the global inequality as measured by the Gini index rising or falling?

Olle Hammar et al write in Global Earnings Inequality, 1970–2015: Our main finding is that global earnings inequality has declined, primarily during the 2000s, when the global ...
52
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3answers
11k views

Did only one banker in the US go to prison for the Financial Crisis of 2007-08?

In the movies The Big Short (2015) and Capitalism, a love story (2009), it is claimed that only a single banker, Kareem Serageldin, went to prison for the Financial crisis of 2007–2008, for which many ...
35
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1answer
6k views

Has the FTSE lost more value in 12 months than the UK has paid into the EU during the 45 years since they joined?

Regarding the claim “The FTSE has lost more value in 12 months than the UK has paid into the EU during the 45 years since we joined.” Is this claim accurate and furthermore what does this mean? Is ...
5
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2answers
423 views

Do Low-skill workers earn one cent in extra income for every 19 cents the government spends on walling off Mexico

From Quartz - The ROI on border walls is terrible, the following claim was made:: Low-skill workers earn one cent in extra income for every 19 cents the government spends on walling off Mexico It ...
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0answers
2k views

Was it illegal in Venezuela for doctors to list starvation as cause of death for children?

In this video Jordan Peterson says the following: Do you know that it is now illegal for physicians to list starvation as the cause of death for a Venezuelan child in a hospital. That's how ...
11
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2answers
655 views

Is the equity ratio of US banks around 3%?

Did John H. Cochrane, a professor of economics at Chicago, wrote: In order to make $100 of loans, a typical bank borrows $97—from depositors, from money-market funds, from other banks, or from ...
15
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1answer
1k views

Were there fewer first-home buyers in Australia in 2017 than seventh-home buyers?

An ABC news item today quoted a claim about the Australian property market without any indication that they verified it: [Queensland] State Housing Minister Mick De Brenni said that last year more ...
7
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2answers
589 views

Will smart meters cost each UK household 420 GBP?

The roll out of smart meters is well on its way in the UK. In this article it is claimed that smart meters will cost each household 420 pounds. Apparently, this money will be taken from each customers ...
7
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0answers
187 views

Were official poverty rates in India distorted by changes to dietary needs?

In this January 2006 episode of BBC Hard Talk, then Director of Action Aid India, Babu Mathew, was asked whether poverty amelioration is linked to economic growth in light of the fact that in 1978 ...
8
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2answers
863 views

Is the median income for African Americans at an all time high?

President Trump, in a press conference on 9 October 2018, said the following to reporters. You know, [Kayne West] loves what we're doing for African-American jobs, for so many different things. ...
2
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2answers
496 views

Is 49% of Indonesia's wealth owned by 1% of its population?

Prabowo Subianto, a leading opposition leader in Indonesia, claims that Indonesian's Gini coefficient is 49%, and that that means 1% of Indonesian own 49% of the wealth. The text said that Gini ...
11
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2answers
2k views

Do rich Americans pay a lower portion of their income in federal taxes than the middle class?

Not quite the same as this related question but similar. According to Wikipedia, the origin of the "Buffett Rule" oft-quoted by former-President Obama is that: rich people, like himself, could pay ...

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