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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.
10
votes
If you raise taxes, will the rich leave the country?
No. There are too many ancillary benefits to staying. PlanetMoney did a story on this before. http://www.npr.org/blogs/money/2011/04/29/135813061/studies-rich-dont-flee-high-tax-states
Some people wil …
1
vote
Does the US government voluntarily underreport inflation?
Yes. The government purposely does not include food & energy costs in the core CPI, because they are 'too volatile', and 'makes it hard to measure inflation', while the correct procedure would be to i …