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Thread: Economics Thread

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    I <3 Ron Paul + gilesfan sturg33's Avatar
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    Economics Thread

    I was sad to see no continuing discussion on the main board about economic theory. I don't think economics is political. But anywho, figured we could have an ongoing thread on here. Let's start with this:



    LINK: What If Newspapers Reported the Real News about Human Progress?

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    https://www.cnbc.com/2018/03/09/nonf...-february.html



    The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate was 4.1 percent, according to a Labor Department report Friday.

    Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.

    Investors were watching the report closely not only for clues about job growth but also whether wage pressures were continuing to build. Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
    ....
    The unemployment rate was last this low in December 2000. However, sustained wage growth has been absent, keeping the Fed on a pace of consistent but gradual rate hikes
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    The left is getting schooled on how economic's work in the real world. Blue wave coming!

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    Quote Originally Posted by Jaw View Post
    The next part of Elon musks tweet he destroys obama. It’s nice to see some CEO’s like Musk and Tim Cook put political differences aside and admit that trump is helping the economy.

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    A Chip Off the Old Rock Julio3000's Avatar
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    Quote Originally Posted by sturg33 View Post
    I was sad to see no continuing discussion on the main board about economic theory. I don't think economics is political. But anywho, figured we could have an ongoing thread on here. Let's start with this:



    LINK: What If Newspapers Reported the Real News about Human Progress?
    Ehhhhhhhh...

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    Tariffs are bad in a fair market. That's not the market we are in now.

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    Quote Originally Posted by thethe View Post
    Tariffs are bad in a fair market. That's not the market we are in now.
    Who decides what is fair?

    The only fair market is a free market

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    Quote Originally Posted by sturg33 View Post
    Who decides what is fair?

    The only fair market is a free market
    China has determined to make the market unfair. Not sure how that can be denied.
    Warm feelings guy!

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    Quote Originally Posted by sturg33 View Post
    Who decides what is fair?

    The only fair market is a free market
    How do participants ensure the security of a free market?

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    Quote Originally Posted by sturg33 View Post
    Who decides what is fair?

    The only fair market is a free market
    A "free market" in the international sense is a misnomer. China's tomfoolery is well documented. Many European companies are subsidized by the country to promote job growth, similar practices by other Asian countries go largely unnoticed. Why should we force American companies to play by a more difficult set of rules?
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    Quote Originally Posted by Jaw View Post
    A "free market" in the international sense is a misnomer. China's tomfoolery is well documented. Many European companies are subsidized by the country to promote job growth, similar practices by other Asian countries go largely unnoticed. Why should we force American companies to play by a more difficult set of rules?
    The world has taken advantage of the US for too long. It's time we force their hands to play more by the rules.

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    The left doesn't like this though... because it has produced more rich people

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    Curious as to how that tracks with the frequency of dual-income households and household debt over time.

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    On the question of free markets, though...big picture stuff. What constitutes a free (and by your logic, fair) market, and how is the security of that market guaranteed? Can you give me a concrete example of what a "free market" looks like?

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    Anyone?

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    Calm down Francis... I'm on mobile only at work and need a keyboard for a meaningful reply

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    Quote Originally Posted by thethe View Post
    The world has taken advantage of the US for too long. It's time we force their hands to play more by the rules.
    Selling us products cheaper than we can produce them at home is “taking advantage” of us?

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    Quote Originally Posted by acesfull86 View Post
    Selling us products cheaper than we can produce them at home is “taking advantage” of us?
    Not allowing us to freely sell our products is the taking advantage of us.
    Warm feelings guy!

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