Economics Thread

You wut? I understand this is probably about more than the corrupt Donald years but even when our economy isnt doing well our standard of living is pretty high.
 
cajunrevenge said:
You wut? I understand this is probably about more than the corrupt Donald years but even when our economy isnt doing well our standard of living is pretty high.
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the book is wonkish and focuses mostly on how large parts of the economy have become more oligopolistic and less competitive in the past 20 years, with the result that consumers end up paying more

this is a trend that cuts across Democratic and Republican presidencies...some of it is definitely due to policy and can be fixed with policy

when was the last time a presidential candidate emphasized the importance of making markets more competitive
 
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Real US GDP growth rate per capita

1950s 2.4
1960s 3.1
1970s 2.1
1980s 2.1
1990s 2.0
2000s 0.8
2010-2017 0.6
 
Ok, I see what it's getting at and I agree with that. Businesses do use bribes in the form of donations to get politicians to enact regulations that make it nearly impossible for new/small competitors from competing which hurts the consumers.
 
cajunrevenge said:
Ok, I see what it's getting at and I agree with that. Businesses do use bribes in the form of donations to get politicians to enact regulations that make it nearly impossible for new/small competitors from competing which hurts the consumers.
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yes...the term economists use is rent seeking behavior...it is a sort of parasitical behavior exemplified by lobbyists...that kind of behavior has always been there but it has exploded in this country the last 20-30 years and it's been very bad for us
 
cajunrevenge said:
Could the 90's and 00's gap be explained by the dot com bubble bursting. A few months earlier and it's in the 90's and not the 2000s.
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dot com bubble cut both ways...it inflated things for a while...net it evened out and isnt really relevant to longer term trends..the timing maybe shifted a little growth from one decade to another
 
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This is why trump easily wins in 2020. The economy is churning and America as a whole is benefitting.
 
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More great news today about the counties economic future. Recession right around the corner. Tariffs are a bad idea and will cripple economy. Yup
 
thethe said:
[Tw]1194940796635697152[/tw]

This is why trump easily wins in 2020. The economy is churning and America as a whole is benefitting.
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The issue is what those numbers actually come out to be in dollars. The US inflation rate is 1.8%, so wages amongst the lower class go up a pretty decent amount every year regardless.
 
Another day and more good news on the future economic outlook. Will you all ever realize this is the economic agenda that is needed in perpetuity?
 
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