And what has Germany provided the US in the last 30 years?Comment removed from /Economics - Captian_Cocksmith - Created on 07/23/18 00:19:43 UTC - permalink
The low interest rates are a response to the expansion of credit. This sets off the inflationary boom which ends as money begins being priced to actual conditions. Optimistic investments 'above' the actual conditions suffer when the credit expansion ends or even inflects.Comment removed from /AskEconomics - sh0t - Created on 07/23/18 00:30:26 UTC - permalink
You can easily google that information. Starting point: critical military bases.Comment removed from /Economics - nutmeggerking - Created on 07/23/18 00:41:39 UTC - permalink
I like Steve Keen's take on this and his modeling of monetary flows:Comment removed from /AskEconomics - sh0t - Created on 07/23/18 00:57:40 UTC - permalink
A recent Business Insider article put the blame on monopsony, which I also agree with.
Critical military bases to protect Germany.. that's not helping USA..Comment removed from /Economics - 162lake - Created on 07/23/18 01:07:08 UTC - permalink
You do realise that Ramstein Airbase is where your critically wounded soldiers get their emergency care right?Comment removed from /Economics - tat310879 - Created on 07/23/18 01:21:39 UTC - permalink
Also, you also realise that Germany hosts your drones communication operating in the mid east?
So.. Germany has provided a base to fly USA drones. Your right, my bad USA can pay for 90% of Europe protection, tax our products, buy 70% gas from Russia and 50% oil from Russia while we protect them. Makes sense to me now. Thanks for the clarification.Comment removed from /Economics - 162lake - Created on 07/23/18 01:25:56 UTC - permalink
The main gun for literally every main battle tank we've used in the last 30 years.Comment removed from /Economics - kegman83 - Created on 07/23/18 01:26:48 UTC - permalink
Firstly, US is paying for no one's protection. What the Nato treaty entails is that each nation pledges to spend 2%of their budget to defence. It is like everyone bring a plate of food to a potluck. You are not spending a single dime into Nato.Comment removed from /Economics - tat310879 - Created on 07/23/18 01:33:11 UTC - permalink
Also, do note that no one told you to go full retard buy getting 11 aircraft carriers, and spend trillions invading Afghanistan or Iraq. That is on you, not them.
Finally, Germany, France and Europe in general could well protect themselves from Russia should they choose. They have the know how, the tech, the money and the population as well. Russia is weaker than Germany, not the other way round. Germany have plenty of allies even if you pull out.
You should really use your brain and stop watching Fox news once in a whilem
How did Russia take Ukraine so easy? Because Russia controls their gas and oil supply. They shut off their supply, a week before they walked right across the boarder. Ohh guess what, Russia controls 50% of Germany oil, and 70% of their gas. I wonder where this is headed. France can't defend themselves, they can't even defend the streets of Paris because of the Muslim grooming gangs. And lastly how many countries paid 2%?Comment removed from /Economics - 162lake - Created on 07/23/18 01:49:41 UTC - permalink
I strongly suggest you read your history books, before insulting others it is not justifying your point of view. God bless.
Are you seriously comparing Western Europe with Ukraine? Really? Are you that desperate in your argument?Comment removed from /Economics - tat310879 - Created on 07/23/18 01:57:25 UTC - permalink
France can't defend themselves? Really? What about their nukes? How stupid can you get?
Grooming gangs? Really? In that case i say the US is also weak because you can't even protect your kids from getting massacred yearly. Kindergarten kids being shot wantonly and there is shit all you idios can do about it. You cant even go to a concert in Vegas without being shot at. How about that?
Also, Germany is not as dependent of Russian gas supplies as they could easily ship them in from the mid East or Canada if need be. You heard about this thing called super LNG ships, right?
Then again, Fox watching Trumptards like you wouldn't even comprehend my arguments. You are really that stupid.
Don't bother talking to that guy his whole post history is full The Danald bs and fake moon landing stuffComment removed from /Economics - johannthegoatman - Created on 07/23/18 02:00:43 UTC - permalink
The stupidity and ignorance of some Americans are just breath taking.Comment removed from /Economics - tat310879 - Created on 07/23/18 02:06:37 UTC - permalink
France can't defend themselves? That really took the cake. If they have a vague idea that France has a UN Security Council seat they probably thought they were there because they could cook well or something.
Stupid is stupid does.
Billions and billions and billions of dollars of foreign direct investment in the US.Comment removed from /Economics - lolexecs - Created on 07/23/18 02:18:21 UTC - permalink
This is why the rest of the world think Americans are fucking retards...Comment removed from /Economics - Rec1umWrecker - Created on 07/23/18 02:23:06 UTC - permalink
Which they are going to keep selling us....Comment removed from /Economics - Nanarayana - Created on 07/23/18 02:24:42 UTC - permalink
This isn't complicated people. The tariffs are just to make a point... you trade fair with us, you trade freely with us, we'll do the same for you.
Trump is NOT WRONG that non-tariff barriers against our products put us at an unfair disadvantage.
Comparative advantage and free trade are great, you people... so let's put those ideas into actual fair practice.
The point of raising tariffs isn't to have more tariffs forever... it's just to actually shake things up and get broad international reductions in tariffs... which is what will happen.
2 years from now, the US will have lower tariffs on imports overall than it did 2 years ago... and it will be thanks to Donald Trump being willing to flex our muscles and get the rest of the world to respect us and reciprocally lower their own trade barriers to fair levels.
Comment removed from /Economics - RE5TE - Created on 07/23/18 02:25:23 UTC - permalinksome AmericansPeople, not Americans. France has Jean-Marie Le Pen too you know.
Gilead is nearly bankrupting states with their cure for hepCComment removed from /AskEconomics - datareinidearaus - Created on 07/23/18 02:25:44 UTC - permalink
Medicine is a special breed since the vast majority comes from public dollars and then through lobbied monopolies that we grant to companies they can charge through the sky
Are you like literally seriously defending Amerikkka right now? :(Comment removed from /Economics - EternalPropagation - Created on 07/23/18 03:04:28 UTC - permalink
PropagandaComment removed from /Economics - AFlyingMexican5 - Created on 07/23/18 03:39:35 UTC - permalink
Bad troll is bad.Comment removed from /Economics - anothercleaverbeaver - Created on 07/23/18 03:40:43 UTC - permalink
Logic is useless without empiricism, isn't it? Seems to me that there is only best method to seeking truth, and that is the inductive method.Comment removed from /Economics - _Lazarus_ - Created on 07/23/18 03:56:36 UTC - permalink
Does the following hold as analogous to your argument?
There are a certain number of birds in flight at this very instant on Earth.
It is improbable that we possess the means to measure the number of birds in flight at any instant with absolute accuracy.
Therefore we cannot develop a useful hypothesis regarding the number of birds.
If this is the logic of your argument that empiricism cannot provide useful and testable hypotheses for economic matters, then I dont believe you have a very solid argument.
Are you like literally implying that countries who export their goods to America are propagandized to complain when America imposes tariffs?Comment removed from /Economics - EternalPropagation - Created on 07/23/18 05:21:19 UTC - permalink
No, that's not analogous. The analogous argument for economics would be: Hey I think I've figured out how to estimate the numbers of birds in the sky, and now I'm going to use that estimate to control their movement.Comment removed from /Economics - d00ns - Created on 07/23/18 05:27:36 UTC - permalink
No. The Republicans base is ignorant and gets their news is propaganda.Comment removed from /Economics - AFlyingMexican5 - Created on 07/23/18 05:29:30 UTC - permalink
Okay good. For a second I thought you were saying European tariffs on American goods were bad or something.Comment removed from /Economics - EternalPropagation - Created on 07/23/18 06:20:29 UTC - permalink
Even in our quantitative economic studies we are basic it mostly on the fact that certain factors won't change - ceteris paribus (all things being constant).Comment removed from /Economics - unstopablex5 - Created on 07/23/18 07:16:12 UTC - permalink
Economics is boiled down to how humans organise our scarce resources. Humans do not always act logically; economys are complex and multi layered not every factor can be mapped; and we our cultures all impact how how individual economies work.
Simply put any quantitative research in macroeconomics is really just a theory that might work if we exclude 60% of all unpredictable factors and try to calculate for the 40%. It works sometimes but classical economics works best because we accept we cant make predictions and policies so lets just not try and hope the market organises itself.
Yes, I understand that there are many factors. It is exactly the same in any other scientific discipline. There are no such things as exact values in chemistry or physics, there are only accepted values. And, there are situations where the traditional math breaks down. PV=NRT starts to break down if gases start to act not ideal like at high temperatures or if their collisions become elastic. But still, PV=NRT or c=wavelength x frequency are still useful models of what the relationships are between different things are.Comment removed from /Economics - Man-of-Sex - Created on 07/23/18 07:55:11 UTC - permalink
I must say that I being a little harsh on the person that I was responding to previously. I am aware that there are Austrians that are perfectly happy to incorporate quantitative studies into their analyses, and that they call themselves Austrians to simply that their work has caused them to favor free markets and small government. I don't really have an issue with these people.
I’m going here in a week! Very excitedComment removed from /Economics - onemanragecage - Created on 07/23/18 08:08:16 UTC - permalink
“We devised an alternative to austerity, focusing on higher growth..."Comment removed from /Economics - Bitcoin_21 - Created on 07/23/18 08:24:22 UTC - permalink
and more debt ;)
before you upvote this guy's comment, just bear in mind he's a conservative and believer in alternative factsComment removed from /Economics - Strong__Belwas - Created on 07/23/18 08:26:53 UTC - permalink
Try and get the simple demand-supply wage-employment graph out of your head. Stop thinking of them as a trade-off, in reality they don't act against each other.Comment removed from /AskEconomics - wraggy44 - Created on 07/23/18 08:38:35 UTC - permalink
It'd be interesting to see counterpoints to his statements instead of discrediting him through political beliefs and unclever expressions like "alternative facts".Comment removed from /Economics - kairos - Created on 07/23/18 08:42:47 UTC - permalink
why?Comment removed from /Economics - Strong__Belwas - Created on 07/23/18 08:44:40 UTC - permalink
if i say "as an american, i think this story is made up and trump is the greatest" you probably wanna know my political affiliations, that i'm not some guy with special insight as a member of that nation, i'm just politically-motivated to lie on reddit.
Because your economical/political ideologies don't make you right or wrong.Comment removed from /Economics - kairos - Created on 07/23/18 09:15:17 UTC - permalink
If you say "as an american, i think this story is made up and trump is the greatest", but back your arguments up with credible data/sources, then your contribution adds to the discussion.
If the sources are rubbish, then you point out the flaws in OPs sources and go on from there.
This is why comments asking for sources are pretty useful, because people who are full of shit tend to not be able to provide them or just link to rubbish (the odd blog post or something).
where are the facts of the person i'm replying toComment removed from /Economics - Strong__Belwas - Created on 07/23/18 09:17:42 UTC - permalink
the thing is, you are making my point for me. people will just blindly believe the guy. they ought to know what his biases are.
You are assuming that I'm defending him, when I'm not. All I'm saying is that attacking his political beliefs doesn't make him wrong.Comment removed from /Economics - kairos - Created on 07/23/18 09:29:50 UTC - permalink
By labeling him as a conservative, all you're doing is leading people who have the same bias as him to believe him and people who lean the other way will not believe what he's saying.
In the meantime, (I think) most people here are smart enough to not take "being portuguese" as an authority on all things Portugal and expect some sort of source for his claims.
I will read (but, depending on the arguments, probably not respond) to any replies to this, as I think I've made my point clear enough and don't think there's much to be added to this discussion.
They’re not smart enough because they believed him and upvoted him even tho he provided no evidenceComment removed from /Economics - Strong__Belwas - Created on 07/23/18 09:50:48 UTC - permalink
Why are you singling me out for this is all I’m wondering. Guy makes a claim and doesn’t support it. I say “don’t believe everything you read on Reddit, this guy is politically biased and hasn’t offered evidence”
Seems like you should be directing your posts to that islamophobic bigot
Time to short PortugalComment removed from /Economics - mancala33 - Created on 07/23/18 10:05:21 UTC - permalink
sshhhhh.... nobody wants to hear that here.Comment removed from /Economics - ThisOriented - Created on 07/23/18 10:09:34 UTC - permalink
You lost the discussion. Nowhere in these comments did he mention Islam. He mentioned his government has a history of misusing statistics to cover the truth.Comment removed from /Economics - GodsGoodGrace - Created on 07/23/18 10:18:01 UTC - permalink
I will never get used to this new two-sentence headline structure.Comment removed from /Economics - externality - Created on 07/23/18 13:36:22 UTC - permalink
This is all Trumps fault!Comment removed from /Economics - kinypornaccount - Created on 07/23/18 14:39:41 UTC - permalink
that roar is the sound of money rushing into the accounts of the 1%Comment removed from /Economics - sighbourbon - Created on 07/23/18 14:44:36 UTC - permalink
It's like you are trying to start /neoliberal2Comment removed from /badeconomics - qchisq - Created on 07/23/18 16:22:14 UTC - permalink
Is this even worth an R1: https://www.cnbc.com/amp/2018/07/20/trump-were-playing-with-the-banks-money-on-markets-gain-since-el.html?__twitter_impression=trueComment removed from /badeconomics - Araraguy - Created on 07/23/18 16:33:46 UTC - permalink
I will give it to you, I only shared my personal bias, it's quite frustrating to me to see opinions/articles saying how well Portugal is doing, it's enabling bad politics here.Comment removed from /Economics - Autosleep - Created on 07/23/18 17:00:22 UTC - permalink
And I'm not a conservative, I'm a minarchist/libertarian and yes I've criticized Islam (not Muslims), if that makes me a bigot, I don't know why, people criticize Christianity all the time and never heard anyone be called a bigot or cristianiphobic for it...
"Lock the can down the road" socialism.Comment removed from /Economics - Mynameisfatsoshady - Created on 07/23/18 17:00:36 UTC - permalink
And the really sad part is there’s more wealth now than ever before. The older generation is fucking it up for the younger generation. This is the ultimate travesty.Comment removed from /Economics - Xerkzeez - Created on 07/23/18 19:42:25 UTC - permalink
Thank you GOP and Baby Boomers for selling us the ultimate scam of trickle down economics and low corporate taxes.Comment removed from /Economics - LemonHarangue - Created on 07/23/18 20:36:32 UTC - permalink
Yeah, well, if you could convince younger people to vote during every election then maybe the politicians would pay attention to their concerns. As it stands now, young voters can't be counted on.Comment removed from /Economics - KillYourTV - Created on 07/23/18 20:37:51 UTC - permalink
Old people vote. All. The. Time.
YesComment removed from /Economics - Throwaway989972 - Created on 07/23/18 20:38:36 UTC - permalink
This is a non-substantive comment. This sub is meant for economic theory discussion, not normative conjecture.Comment removed from /Economics - jackshiels - Created on 07/23/18 20:50:34 UTC - permalink
Trickle-down economics has never been an economic theory. It is a label given to supply-side stimulus by left-wing critics and a common talking point by economically ignorant users on this site.Comment removed from /Economics - jackshiels - Created on 07/23/18 20:51:33 UTC - permalink
Now, I'm just curious, but does this have to do with the civil responsibility instilled in the greatest generation (oldest voters probably) or is it because of the age? Like will baby boomers vote as much as the greatest generation when they are aging into their mid-60s/70s?Comment removed from /Economics - WritersofRohan17 - Created on 07/23/18 20:51:48 UTC - permalink
Tldr do you vote more because you're retired or bc of the civil duty instilled your generation?
Comment removed from /Economics - Plopplopthrown - Created on 07/23/18 21:01:10 UTC - permalinkyou will not find it in textbookshttps://en.wikipedia.org/wiki/Trickle-down_economics
There's about thirty sources listed here that say you're wrong
https://www.reddit.com/conspiracy/comments/630wf1/how_the_federal_reserve_is_robbing_us_blind/Comment removed from /badeconomics - DHallahan - Created on 07/23/18 21:03:31 UTC - permalink
Are conspiracy things off limits?
Once again, with feeling: it is not taught in economic textbooks.Comment removed from /Economics - jackshiels - Created on 07/23/18 21:04:16 UTC - permalink
They've slowly come to learn that politics actually matter.Comment removed from /Economics - FunAndGamesNStuff - Created on 07/23/18 21:06:43 UTC - permalink
Probably a bit of everything. Also more life experience which includes decades of local to federal politicians passing bills that you disagree with.Comment removed from /Economics - garlicdeath - Created on 07/23/18 21:08:02 UTC - permalink
I'm only in my 30s and have watched myself and peers go from only really "caring" about presidential or governor elections to voting to even in every local election.
I really don't think it's a pride thing but more that people begin to realize more and more that they must vote to try to keep the things they want the same or to change things they dislike and voting is the easiest way to do it.
My dad just bought a new 350k yacht, while I struggle to meet my mortgage payments. He retired when he was 45, and expects me to be able to do the same...Comment removed from /Economics - aesu - Created on 07/23/18 21:09:26 UTC - permalink
It’s supposed to be a criticism, reflecting what actually ends up happening with such policies instead of using the nice terms created by their proponents. Not being the word supply-side economists would like to use doesn’t make it invalid.Comment removed from /Economics - BossaNova1423 - Created on 07/23/18 21:15:26 UTC - permalink
Why would I study macroeconomics, when it lacks even the predictive power of meteorology?Comment removed from /Economics - wockyman - Created on 07/23/18 21:33:38 UTC - permalink
My answer won't be liked, but I'll say it anyway. It's because civic education was purposefully altered, diluted, and largely removed from the school system... and it was done on purpose for exactly this reason.Comment removed from /Economics - arminiusreturns - Created on 07/23/18 22:39:20 UTC - permalink
Yeah, young people have among the lowest voter turnout rate. If they voted at the rate of people (especially white men) over 50 a lot of the state legislatures and Congress would look different than it does today.Comment removed from /Economics - A7-23 - Created on 07/23/18 22:41:52 UTC - permalink
A-men. Why should I have to take Advanced Placement Government class to get knowledge that all kids should get outright?Comment removed from /Economics - Bonzoso - Created on 07/23/18 22:43:54 UTC - permalink
What's wrong with low corporate taxes? It's just coming out of company growth, market cap, and potential wages. I see no reason at all to even have corporate taxes.Comment removed from /Economics - radwimp - Created on 07/23/18 22:50:39 UTC - permalink
Why would you hang out in /economics if you don't care about economics?Comment removed from /Economics - way2lazy2care - Created on 07/23/18 22:52:53 UTC - permalink
at least in my HS there was a required civics/government class for your senior year. AP Gov theoretically just aims the material at the test. In practice, this just means the best teachers teach AP Gov.Comment removed from /Economics - eetsumkaus - Created on 07/23/18 23:02:53 UTC - permalink
Comment removed from /Economics - raiderato - Created on 07/23/18 23:05:05 UTC - permalinkElection day should be a national holiday.This would mostly help government, finance, and other white collar professions.
Retail, healthcare, restaurants, etc. are working on all other federal holidays. What will make election day any different?
They shouldn't.Comment removed from /Economics - raiderato - Created on 07/23/18 23:05:53 UTC - permalink
To be honest, I’m in my late 20s, went to college without the help of family/friends, worked hard to pay it off, have found a job in my field without too many obstacles, am about 70% of the way towards putting a downpayment on a house.Comment removed from /Economics - justin_truedoee - Created on 07/23/18 23:09:03 UTC - permalink
15/20 of my friends are doing just as well.
My sisters are doing just as well.
What the fuck is everyone talking about when they cry about opportunity in 2018?
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