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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9
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1answer
348 views

Are farm bankruptcies in the US “at highs not seen since the Great Depression”?

A June 29 Vox article quoted a Democratic party notable saying: “Trump’s failed trade war wreaked havoc on industries across the country. Farm bankruptcies are at highs not seen since the Great ...
55
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3answers
12k views

Was it ever cheaper to starve slaves and replace them than to provide them with food?

In a recent opinion piece in the Guardian, historian David Olusoga makes this shocking claim about slavery in the 17th Century British Empire: The system [Hans Sloane] witnessed and wrote about was ...
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3answers
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Does the AMA limit the number of doctors to increase current doctors' salaries?

A suggested reason why doctors get paid so much more in the US as opposed to other developed countries is that the American Medical Association (AMA) artificially limits the physician supply in order ...
146
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1answer
31k views

Did Amazon pay $0 in US taxes in 2018?

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: ...
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0answers
215 views

Would a Value Added Tax (VAT) make it harder for companies to avoid paying taxes?

Andrew Yang claims the following in his platform for the 2020 US Democratic presidential primary race: A VAT makes it impossible for them to benefit from the American people, automation, and ...
5
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0answers
227 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 ...
17
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3answers
2k views

Was money invented because barter was deemed impractical?

When the history of money is described, very often the claim is made that people invented money because barter was impractical: a quick Google Search lists many places where this claim is made, e.g. (...
9
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1answer
550 views

Do 37% of people in the UK believe that their job either makes no difference or makes the world worse?

According to David Graeber: They discovered that people in the UK, 37% agreed that if their job didn't exist either it would make no difference whatsoever or the world might be a slightly better ...
6
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1answer
311 views

Did David Ricardo make £1M from the Battle of Waterloo?

Mark Skousen (2008): He was a speculator par excellence, allegedly making a million pounds sterling in 1 day following the Battle of Waterloo. Madsen Pirie: He went into a banking house and made a ...
7
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3answers
914 views

Did Marx use the word “capitalism”?

I'm finding contradictory accounts on this. First, we need to differentiate between the words "capital", "capitalist", and "capitalism". According to "Civilization ...
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1answer
163 views

Did Federal Reserve Chairman Jerome Powell backtrack on raising interest rates from 2.5% to 3.25% in Jan 2 2019?

In this May 22 2020 article, NYU Stern Prof. Nouriel Roubini (BA Bocconi University 1982, PhD Harvard 1988) proclaimed: In other words, you’re saying that because of structural weaknesses in the ...
11
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0answers
540 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's ...
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0answers
865 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 ...
4
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1answer
160 views

Did Ecuador's privatization of its healthcare system (under Moreno) substantially reduce the number of ICU beds?

As claimed on iacenter.org: What’s behind this crisis is that during the past three years, the neoliberal regime of President Lenín Moreno privatized the public health system and systematically ...
8
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1answer
632 views

Has the US unemployment rate reached 24.9%?

Before this seven-week stretch of 33.5 million initial jobless claims, there were already 7.1 million unemployed Americans as of March 13. When those figures are combined, it equals more than 40 ...
16
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2answers
1k views

Does immigration to the USA increase the unemployment rate?

Does immigration to the USA diminish the number of jobs available to US citizens? According to an NBC/Wall Street Journal poll: The poll also finds that 56 percent of American voters believe that ...
9
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0answers
338 views

Are/were US broadband internet service providers making 90%+ profit margins?

A 2012 blog article from Stop The Cap quotes the Wall Street Journal (without a link) as saying: Cable executives and analysts say that about 90% of the money cable operators charge for broadband ...
152
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6answers
27k views

Are people of Nordic Nations “happier, healthier” with “a higher standard of living overall than Americans”?

Ernest W. Adams wrote in the answer to the question "Why are people so negative about Nordic nations, especially Sweden?": There are a lot of right wing Americans who have been preaching ...
10
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1answer
1k 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 essay ...
9
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1answer
516 views

Has Florida left 75% of its lettuce crop unharvested due to the coronavirus lockdowns?

Various sources claim that Florida's coronavirus lockdown has caused a serious breakdown in the food supply chain in the state. For example, this Politico article states the following: The scale ...
24
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1answer
64k views

Do 40,000 people die in the United States for every 1% increase in unemployment?

In the 2015 movie The Big Short, the character of Ben Rickert, played by Brad Pitt, makes the following statement to two investment bankers. If we're right (about the housing market collapsing), ...
8
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1answer
692 views

Is Russia's fiscal break-even price for oil around half of Saudi Arabia's?

According to the philosopher John Gray (Why this crisis is a turning point in history): An increasing influence on the EU will come from Russia. In the struggle with the Saudis that triggered the ...
9
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1answer
363 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 ...
52
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2answers
103k views

Does UNICEF use less than 14% of the donated money for the advertised causes?

I have heard claims from several people in relation to the occasional donation my wife or I make: that some charities have so much waste in their organization, or use so much money to market their ...
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0answers
1k 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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453 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 ...
23
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1answer
2k views

In California, does it cost more to send someone to prison than to send them to Stanford?

According to Bernie Sanders' Facebook page: Is this statement true?
8
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2answers
628 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 ...
49
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1answer
9k 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 ...
7
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0answers
710 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, ...
7
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1answer
685 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. ...
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 ...
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5answers
887 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 ...
20
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3answers
10k views

Did a Soviet nail factory produce useless nails to improve metrics?

We've all heard the story, which sounds for all the world like a typical urban legend. It goes something like this: Once upon a time, there was a factory in the Soviet Union that made nails. ...
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2answers
962 views

Did Henry Ford say, “Jews control the business…”?

A search for the quote returns results from many websites It claims that Henry ford said, "Jews have always controlled the business... The motion picture influence of the United States and Canada....
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2answers
2k views

Are 11.6% of world's billionaires Jews?

The Jewish people may account for less than 0.2% of the world's population, but among the 1,426 billionaires around the globe, 165 or 11.6% of them are Jews, and their joint wealth has reached the ...
4
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1answer
823 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 ...
37
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3answers
3k views

Is Matt Ridley's assertion that the most extreme of the IPCC climate projections is based on very implausible assumptions correct?

Matt Ridley, the science writer who is often grouped with skeptics of warming and denialists despite asserting: man-made climate change is real but not likely to do much harm, let alone prove to be ...
4
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3answers
699 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 ...
22
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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
430 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
250 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 ...
2
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0answers
252 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 ...
34
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1answer
3k views

Is nuclear power economically untenable?

One of the arguments I've seen levied against nuclear power is that it's not economically viable. In the 1970s nuclear power cost half as much as electricity from coal burning: by 1990 nuclear power ...
32
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3answers
16k views

Does the United States throw wheat in the ocean to keep the prices high?

In Iran, there is a wide-spread belief that the USA throws extra wheat it produces into the ocean to keep the prices high. The official website for the Iranian presidential office [Persian] quotes ...
10
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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 unemployment ...
16
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1answer
995 views

Were only half of US college graduates from 2006-2011 employed full-time in 2012?

According to an online article SmartMoney magazine titled, "The Jobless Class of 2012": Only a half of those who graduated since 2006 are now employed full time, according to a recent Rutgers ...
14
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1answer
2k views

Has immigration from Eastern Europe impacted UK youth unemployment?

MigrationWatch UK is a think-tank that argues for lower immigration levels into the UK. In a 2012 Briefing Paper they claimed: Youth unemployment in the UK increased by almost 450,000 in the ...
50
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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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1answer
490 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 ...

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