Economics Thread

sturg33

sturg33

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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:

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LINK: What If Newspapers Reported the Real News about Human Progress?
 
https://www.cnbc.com/2018/03/09/nonfarm-payrolls-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.
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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
 
The left is getting schooled on how economic's work in the real world. Blue wave coming!
 
sturg33 said:
Who decides what is fair?

The only fair market is a free market
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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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Jaw said:
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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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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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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