Comments by "" (@badluck5647) on "Economics Explained" channel.

  1. China would also need to sacrifice their export advantage by releasing their capital controls.
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  2.  @alt0248  As long as the wage is based on the free market, and not due to government interference.
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  3. MAGA Make Autocrats Great Again
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  4. ​ @alechagen6291  The only people who ride the bus are people without any other options. This concentrated poverty tends to scare away anyone else from riding the bus if they can afford a car.
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  5. It is surprising that corruption isn't a problem for Ukraine's military since corruption tends to touch everything else in the country.
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  6. Revolutions often happen after a drop in the standard of living. Just look at how high food prices caused the Arab Spring.
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  7.  @jimk8520  How is out of date? Enlighten me.
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  8.  @meeemeee8577  Studies have shown otherwise. People are happier when they have enough money to cover necessities, but anything beyond that has diminishing returns. Lifestyle inflation can bring as much stress and dissatisfaction as it does enjoyment.
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  9. Or he didn't use simple enough words for even you to understand
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  10. Sanctions say they can't use the dollar. That is the point.
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  11.  @serbangroza  So you are proud to pay more for less space you don't own, because your walls aren't dry wall. Cope.
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  12. Pessimistic economists are needed to balance out lying politicians. For example, these economists corrected lies about Biden's inflation crisis being transitory.
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  13.  @Tabula_Rasa1  India might avoid the middle income trap, unlike Japan and China, because India already has a strong service industry with skills in English.
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  14. Legion of Doom
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  15.  @MartinMartinm  That is incorrect assumption that protectionism results in better quality. Just look at the car market. Countries that have the strictest restriction on car imports have inferior cars, because they don't have innovate to compete. Consumers just pay more for less.
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  16. California will be the next Detroit.
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  17. Let's go Brandon!
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  18.  @EbrahimHasan  It is a myth China grew economically on its own. The country was still very dependent on foreign investment and intellectual property theft for it's growth.
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  19.  @lowwastehighmelanin  The treasury prints money.
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  20. Keep dreaming
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  21.  @glennnielsen8054  Federations work better for large democracies
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  22.  @margaretwilson8736  Pre-Trump there was a sizable libertarian wing of the Republican party who complained about "crony capitalism" and the government "picking winners and losers" through the tax code. Of course, this ideology has been abandoned recently for the Trump Cult of Personality that rewards businesses that show him loyalty.
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  23. Correction: American farmers get heavy substities due to them being a key voting block for the US Senate. Any economic or national security benefits are a secondary concern to the politicians.
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  24.  @complexaltruist  Zoning, regulation, and taxes in California make it crazy expensive to build or redevelopment neighborhoods. Texas doesn't suffer from that issue, so property will always be cheaper than California.
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  25. 🇺🇲👀
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  26. Depends on the project. There are plenty of uncompleted projects built exclusively by Chinese workers and paid through debt owed to Chinese banks.
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  27.  @kalomboC  Again. It depends on the project.
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  28. Gold backed currency is bad as some inflation encourages spending and investing over hoarding savings.
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  29.  @maximipe  If the issue is the currency is control by only one country, then the Euro is a better alternative than gold
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  30. In America, welfare has a work requirement, so that is not the best example. However, I do know people get paid under the table, so they it appears like they are in poverty. They then collect as much free stuff from the government as they can get.
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  31. Putin's government stole the assets from foreign investors. What rational investor would now put money in a country that has a history of screwing over investors?
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  32.  @socialenigma4476  If your "work" requires you to live off someone else's income, then it's value is zero or negative
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  33. How many non-ISIS Iraqis do you think miss Saddam?
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  34.  @redwolfexr  A masters or doctorate to teach 7th grade math is a waste of money and evidence that the teachers lack the basic math skills to know how debt and interest work. It would be better if a parent had access to choice a private school if the "doctors" are failing to teach their children.
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  35. Only if EE talks about the effects Brexit on Scotland
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  36. Keynesian theory is good, but it is never actually practiced on the fiscal side. Of course, when the economy is in a slump, the government is happy to spend more. However, I have never seen a government reduce spending and increase taxes when the economy is doing well as recommended by Keynesian economics. At least, most central banks understand the principle with monetary policy.
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  37.  @wugy07  I imagine the only way Keynesian would work is if you take the decision out of the hands of elected officials like done with monetary policy. Before the Fed was established, politicians would base interests rates on when the election year was instead of the state of the economy. Maybe the Federal Reserve should give congress a target budget to work within?
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  38. ​ @KJ-tq3sm  Russia can't win. They don't have the will to fight, while the Ukrainians will never stop fighting.
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  39. One benefit of sanctions is that it prevented Dutch disease as it forced the country to build up alternative industries. If they ever overthrow their dictatorship, Iran is an good position to compete in the global market.
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  40. Many are choosing the 0 hour work week over a slightly higher paying job, because Biden said people don't have to look for work anymore to get paid unemployment.
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  41. Productivity, space mining, reclining, and fusion energy is the future.
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  42. India needs to get over being a colony a century ago and join the G7 with other other major democracies.
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  43. Brazil is kleptocracy now, much like Russia. Obviously, Lula doesn't like the West's Rule of Law platform.
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  44. This only works due to crony capitalism. Look at California, where the Democrat Super Majority uses zoning to create housing scarcity to inflate the property value of their special interests groups.
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  45.  @DrSpooglemon  Your Android XO example shows the issue with open source. If everyone had access to all technology, then the biggest players in the market will quickly capitalize and push everyone out of the market. If a smaller player tried to enter the market with a new technology with a point of difference, then they would be quickly crushed by the bigger company that would copy the tech and sell through established chains quicker than the new entry that now has nothing unique about their product.
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  46. @future62  That is a nice talking point, but it simply isn't true. Pre-goverment induced inflation crisis, things were outrageous expensive and out of reach are common place now. Televisions used to be bulky things in your living room. Now, they are in multiple rooms. I used to have to hang up the landline to access the internet on my computer. Now, I can go online and talk on the phone at the same time with the device in my hands. I used to print MapQuest for directions, while now I have GPS tell me where to go while warning me about traffic and speed traps. I don't even have to drive to a store to buy anything anymore! I could go on and on about how profit-driven innovations are giving us more for less. Meanwhile, what innovations are coming out of Cuba and Venezuela that are making their citizens' lives better.
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  47.  @jimk8520  Your anecdote aren't representive of the overall economy. There are obviously poor performers like yourself who didn't get the market rate increase as everyone else. In addition, it is interesting that you choose today as a benchmark with high inflation and a housing bubble. Plus, the super wealthy are also underperforming too. Just look at how Gates, Musk, Buffet, and Bezos lost $Billions on the stock market in a single day. People were significantly better off in 2019 than 2022. A market correction will solve the issue with inflation and the housing speculation.
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  48.  @nunyabidness3075  If want to see a complete laissez-faire economy, then play Bioshock. Otherwise it is completely theoretical.
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  49.  @fredlooper3686  Yes, based on data from the Department of Labor.
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  50.  @ReggieMeisler  Socialized Healthcare in Europe only works by freeloading off of American consumers. Europe countries force pharmaceutical companies to not charge them R&D, so they cover those costs by passing onto American customers instead. In addition, Europe can only afford to subsidize their healthcare system by cutting to minimum military spending and freeloading off the American defensive shield. If the America ever adopted Europe policies, then the whole system would collapse.
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