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There was talk about renaming the Krugman thread for this purpose, but that seems to be going nowhere. Besides which, I feel the Krugman thread should be left to discuss Krugman while this thread can be used for more general economic discussion.

Discuss:

  • The merits of competing theories.
  • The role of the government in managing the economy.
  • The causes of and solutions to our current economic woes.
  • Comparisons between the economic systems of different countries.
  • Theoretical and existing alternatives to our current market system.

edited 17th Dec '12 10:58:52 AM by Topazan

Fighteer Lost in Space from The Time Vortex (Time Abyss) Relationship Status: TV Tropes ruined my love life
Lost in Space
#25501: Apr 26th 2024 at 7:24:48 AM

"Economists have called twenty of the last three recessions." Let's not get too excited by these alleged predictors.

The ones who really annoy me are the people who seem to want a recession just to prove some kind of point. No thanks, mate. You go stew in your ideology and leave the rest of us alone.

Edited by Fighteer on Apr 26th 2024 at 10:30:23 AM

"It's Occam's Shuriken! If the answer is elusive, never rule out ninjas!"
DeMarquis Who Am I? from Hell, USA Since: Feb, 2010 Relationship Status: Buried in snow, waiting for spring
Who Am I?
#25502: Apr 27th 2024 at 3:42:26 PM

The US alone accounts for more than a quarter of global GDP? Wow, that's impressive. What's also interesting is that the upward trend started in 2014, during the Obama administration.

Oh, and this headline? "America’s Economy Is No. 1. That Means Trouble."

Talk about accentuating the negative!

Edited by DeMarquis on Apr 27th 2024 at 6:44:51 AM

"We learn from history that we do not learn from history."
Blueace Surrounded by weirdoes from The End Of the World Since: Dec, 2010 Relationship Status: Chocolate!
Surrounded by weirdoes
#25503: Apr 27th 2024 at 8:33:35 PM

I care more about paychecks for most people and whether they can make useful things with the money, otherwise, it just feels like someone bragging about their high score, really.

Wake me up at your own risk.
dRoy Professional Writer & Amateur Scholar from Most likely from my study Since: May, 2010 Relationship Status: I'm just high on the world
Professional Writer & Amateur Scholar
#25504: Apr 28th 2024 at 12:00:18 AM

Finished reading Does the Richness of the Few Benefit Us All? by Zygmunt Bauman.

This talk of America's GDP reminds me of that book quoting Steward Lansley:

There is one for the rich and one for the real economy in which we live. As Lansley shows, Like a tumour, the economy for the rich has grown at least 10-fold in countries like Britain and the US, sucking in ever-increasing quantities money away from circulating in the real economy.

I think I've been really apathetic about my country's "economic growth" recently kinda because of this kind of reason.

I'm a (socialist) professional writer serializing a WWII alternate history webnovel.
minseok42 A Self-inflicted Disaster from A Six-Tatami Room (4 Score & 7 Years Ago) Relationship Status: Wishfully thinking
A Self-inflicted Disaster
#25505: Apr 28th 2024 at 12:38:33 AM

[up]Especially since much of our home country's money is tied to real estate. During the asset bubble of the last few years, I wondered how much people get richer across the board when the media talks about things like golfing and going out to eat expensive sushi are popular.

"Enshittification truly is how platforms die"-Cory Doctorow
dRoy Professional Writer & Amateur Scholar from Most likely from my study Since: May, 2010 Relationship Status: I'm just high on the world
Professional Writer & Amateur Scholar
#25506: Apr 28th 2024 at 12:56:20 AM

Henry George was right all along!

I'm a (socialist) professional writer serializing a WWII alternate history webnovel.
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