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.

60
votes
8answers
12k 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 ...
7
votes
0answers
264 views
+50

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 ...
6
votes
1answer
489 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 ...
3
votes
0answers
320 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
votes
0answers
98 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 ...
5
votes
1answer
527 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 ...
3
votes
2answers
309 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 ...
30
votes
1answer
2k 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 ...
1
vote
0answers
594 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 ...
8
votes
1answer
775 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
votes
1answer
815 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 ...
17
votes
1answer
2k 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 instead ...
20
votes
1answer
1k views

Is 90% of world trade conducted on WTO terms?

The European Union is, among many other things, a large free trade block with few barriers to cross-country trade within it. The United Kingdom has voted to leave the EU and is currently trying to ...
8
votes
1answer
345 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 ...
17
votes
2answers
2k views

Are people unable to go to school because they can't afford uniforms?

In the middle of a blog post on human trafficking, it's claimed: Another way to be involved with this issue is to help prevent boys and girls from being trafficked in the first place. Many of ...
22
votes
1answer
911 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 ...
10
votes
0answers
241 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 ...
10
votes
0answers
681 views

Is having a “sign waver” an effective marketing strategy?

It started a few years ago. The first one I remember seeing was Little Caesars $5 Hot-And-Ready pizzas. I don't know if this was the source, but it was the first symptom... (source: Sign wavers, ...
132
votes
1answer
28k 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
votes
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 ...
13
votes
3answers
2k views

Do companies sometimes sabotage their products before selling them?

This might be the case for the iPhone. I'm skeptic that this is a general practice because on the surface, customers would just migrate to competing products... Maybe this practice is common for ...
12
votes
2answers
961 views

Are the specific claims from the “WSJ 16” climate skeptics true?

The Wall Street Journal letter by 16 "prominent scientists" has already provoked a question here ( Are the 16 scientists who claim that climate change is not something to worry about climate ...
81
votes
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 ...
12
votes
1answer
1k views

Are wages stagnant over the past 40 years in the USA?

Over the past few weeks, it has become a common talking point at either major party's convention to talk about the lack of movement in USA citizens' wages since approximately the middle of the 1970s. ...
17
votes
1answer
827 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 ...
7
votes
3answers
3k views

Did the US national debt fall by $100 billion in the first two months of Trump's office?

According to Joe Hoft at thegatewaypundit.com: In First 2 Months in Office – Trump Reduces Debt by $100 Billion – Obama Increased Debt by $400 Billion – Half a Trillion Dollar Difference! Is this ...
3
votes
0answers
245 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: ...
36
votes
1answer
3k views

Does Germany want their gold back?

There is a meme that is going around that states: The German government has been storing about half of its gold supply with the US FED, apparently in the NYC FED vaults. Germany decided to ...
52
votes
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 ...
34
votes
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 ...
18
votes
0answers
1k 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 ...
5
votes
2answers
407 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 ...
11
votes
2answers
617 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 ...
28
votes
2answers
9k 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 ...
15
votes
1answer
937 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
votes
2answers
584 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 ...
15
votes
1answer
2k views

Does Sallie Mae earn more from defaulted education loans than properly repaid ones?

I was sent an article by Catherine Austin Fitts, the author of the Solari Report, entitled William M. Diefenderfer: The Financial Hit Man of Student Loans. It contained some rather striking claims ...
7
votes
1answer
732 views

US trade deficit and the iPhone

CNBC has an article arguing that the way the US trade deficit with China is quite misleading, particularly as to the ultimate source of the deficit, using the iPhone as an example: Some $70 billion ...
7
votes
0answers
180 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 ...
11
votes
1answer
808 views

Did DR Congo use banknotes with hole where Mobuto's face used to be after he was deposed?

On almost every list on the internet featuring strange banknotes that were at one time in circulation, one can find a picture of old Zaire banknotes with the image of the dictator Mobutu's face ...
8
votes
2answers
770 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
votes
2answers
474 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 ...
10
votes
1answer
942 views

Is Noam Chomsky right in saying the economic benefits of British colonialism to Britain were nonexistent?

In an interview about imperialism Chomsky claims there were no overall benefits of colonialism to the British population, and asserts there are studies confirming this. But, going back to the ...
3
votes
1answer
798 views

Did 20th-century Marxists acknowledge that the central social predictions of Marxism were wrong?

In this video, starting at 5:36, Stephen Hicks claims that there are three central "social science" Marxist predictions, which I would sum up as follows: Over time, in any capitalist society, The ...
26
votes
1answer
2k views

Is the total cost of treating the uninsured in emergency rooms more expensive than government-subsidized urgent care would be in the US?

One of the claims I have frequently heard in support of some sort of government intervention in providing health insurance above and beyond Medicare and Medicaid in the US, is that it will reduce the ...
11
votes
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 ...
2
votes
0answers
253 views

Do women in all-women shops earn less then men in all-men shops? [closed]

Many women & men raise issues of equal pay for equal work, but a recent analysis of Uber Drivers showed that women earned less because of working less or driving slowly; Uber Payment system did ...
1
vote
2answers
598 views

Do women earn less than men for the same exact work? [duplicate]

Previous questions on the site such as this one and this one, as well as the answers and their sources address the gender pay gap on a broad scale, comparing the careers of all men to the careers of ...
3
votes
2answers
1k views

Is Moscow metro the only profitable metro in the world?

Omsk Oblast first vice-governor Sineugin when explaining why they stopped building metro in Omsk, has claimed that Moscow metro is the only profitable in the world: The first deputy governor ...
39
votes
1answer
13k views

Did Donald Trump get America's GDP growth to 4.2%?

In a recent tweet, Donald Trump wrote: “President Trump would need a magic wand to get to 4% GDP,” stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! ...