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BadEconomics Discussion Thread, 03 October 2015 (self.badeconomics)

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[–]a_s_h_e_nA stable currency, like bitcoin 1ポイント2ポイント  (2子コメント)

shot in the dark: anybody know anything at all about the Czech economy?

[–]somegurkWhy doesn't modern medicine use more leaches? 1ポイント2ポイント  (1子コメント)

.. ye make some decent beers.

[–]a_s_h_e_nA stable currency, like bitcoin 0ポイント1ポイント  (0子コメント)

not czech myself but damn is the beer here excellent

[–]Grenshen4pxTwirling towards freedum!! 1ポイント2ポイント  (1子コメント)

Is there any consensus on when the next recession(Within the US) is going to occur and how?

I read some stuff that claimed the next recession would occur in the housing market(again?) and then there were charts like this that shows its not possible given how emasculated the housing market has been since 2008.

https://research.stlouisfed.org/fred2/series/HOUST

[–]somegurkWhy doesn't modern medicine use more leaches? 0ポイント1ポイント  (0子コメント)

If we could predict recessions with any great accuracy they wouldn't happen. Where are you reading this stuff? they may have a point or maybe not.

[–]grevemoeskrHumans are horses! 1ポイント2ポイント  (0子コメント)

Quick question: Will low wage jobs wages converge towards the level of unemployment benefits?

Or asked in another way: Will lowering unemployment benefits have long run effects on the labour participation rate?

[–]Adamscage 1ポイント2ポイント  (0子コメント)

What are some of the best arguments for and against healthcare being privatized?

[–]CatFortuneにゃんぱす! 0ポイント1ポイント  (1子コメント)

Let's say you were a worker making a low to minimum wage with no credited education, a family to support, yada yada — basically, you're the poster boy for Bernie Sanders supporters — except for two things: first, you have all your current economic knowledge. Second, regardless of your actual ability to be objective, assume you want to responsibly balance your well being with sound economic pragmatism.

Question: Does this change any of your view on anything regarding economics or political economy at all? If so, how?

[–]CutlasssI am the Lord your Gold 1ポイント2ポイント  (0子コメント)

Not really. The president alone does not determine economic policy. Whoever is elected president will almost certainly have a Republican Congress to deal with. So may not even be able to tinker around the edges. But a Sanders win would change the terms of debate on a lot of issues in the country. And pretty much all in a positive direction. I don't think he would be a successful president. Because he'd face too much unthinking opposition. But for the last 40 years the political and economic debate has been between whether we move a little further to the right, or a lot further to the right. Not moving to the right hasn't even been on the ballot. Sanders would at least put a choice up there.