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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3
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5answers
792 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 ...
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0answers
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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 ...
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3answers
9k 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
851 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 ...
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1answer
775 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
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
648 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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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
394 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
236 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
246 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 ...
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3answers
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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 ...
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1answer
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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 ...
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1answer
982 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 ...
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1answer
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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 ...
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5answers
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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
424 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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2answers
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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
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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
412 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 ...
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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
672 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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2answers
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Has every U.S. presidential election been won by the campaign 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 ...
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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 ...
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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 ...
9
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1answer
515 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
818 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
364 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 ...
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0answers
113 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 ...
7
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1answer
690 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 ...
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0answers
614 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
872 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 ...
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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 ...
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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
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1answer
366 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 ...
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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
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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 ...
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0answers
242 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
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0answers
683 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, ...
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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: ...
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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 ...
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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
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2answers
991 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 ...
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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 ...
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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
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1answer
837 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 ...
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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 ...
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0answers
256 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: ...