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Results tagged with economics
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user 23144
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.
3
votes
Is money being spent globally being reduced by going cashless?
There is a grain of truth in the statement: transaction fees are harmful to the economy and in an ideal world we'd have zero fees for sending money between any two people/companies in the world. This …
- 10.2k
0
votes
Did the UK slip to sixth largest world economy from fifth, less than 24 hours after the EU r...
Economy size is most frequently measured in terms of GDP: absolute value, per capita, PPP, or a combination of thereof. Let's take a look a the definition of what GDP really is:
Gross domestic pro …
- 10.2k
7
votes
2
answers
6k
views
Did Milton Friedman say that nothing was so permanent as a temporary government program?
According to the Adam Smith institute (and numerous other pages):
Milton Friedman used to say that nothing was so permanent as a temporary government programme.
Did he actually say this? And if so, …
- 10.2k
10
votes
Did Milton Friedman say that nothing was so permanent as a temporary government program?
@JoeW correctly pointed out that Milton Friedman did use that phrase. However he wasn't the first to use it. According to Google's book search, the oldest example that I could find is from the "Royal …
- 10.2k
22
votes
1
answer
3k
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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?
- 10.2k