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

  1. It would quickly become insolvent in America as Democrats would keep increasing payments without raising taxes and Republicans would cut taxes without reducing payments.
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  2. Populism = bad economic policy
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  3.  @jscotthamilton5809  California is so unfriendly to businesses that Arizona is becoming a massive logistics hub, so companies have easy access to the Pacific and the large California population without actually having to be based in California.
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  4.  @davidk.d.7591  Ukraine is in rubble, millions have fled, the economy is in ruins, and there isn't a guarantee that they get their territory back. The lesson here isn't the lack of Russian threat. With the exception of France, Europe can't even protect their overseas interests. Without America help, Europe doesn't have the capability of taking on ISIS in Libya or Syria, doesn't have the capability to stop Iran from cutting off their oil shipments, or prevent China from monopolizing the most important international shipping lanes. The US is protecting EU national security interests for free.
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  5. Populism: the death of good economic policy
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  6. IMF just copy and pastes any false data given to them.
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  7.  @mathuser7  I feel like Florida-man is throughout the state. Florida-man is not the hero America wants, but he is the hero we deserve.
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  8.  @EconomicsExplained  Please make a video explaining the free-rider problem just to troll non-patreon viewers
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  9. The interesting thing is the Communist Party doesn't know the real economic numbers as they rely on local governments to report and they fudge the numbers. Anyone saying they know the real numbers are lying or misinformed.
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  10. The West could care less about BRICS as Russia is a joke, China is the threat, and relations with Brazil, South Africa, and India aren't antagonistic.
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  11. Not every economy can be efficient as the public companies in the Soviet Union, Cuba, Venezuela, and North Korea.
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  12. China has dominated the African market, because Chinese corruption gives their companies a competitive advantage over Western companies who could face jail time over bribes.
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  13.  @driedbrainfreeze2149  Economists debate about that subsidizing certain industries like education has net benefits to an economy. On the other hand, there isn't a sane economists out there who would say it's a good idea to pay people to not look for work.
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  14. *India is a good position for growth. *China is facing a demographic crisis and a housing bubble that will make the 2008 financial crisis look like a picnic. *Russia is doomed for countless reasons. *Brazil's Latin American populism will keep resulting in economic stagnation. *South Africa is just poor and corrupt.
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  15. Lobbyist and their democrats puppets are profiting too much on housing shortages, so they will keep the restrictive zoning.
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  16. India's English speaking service industry might avoid the middle-income trap.
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  17. Who wants to watch a sports team without beer?
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  18. Game theory only works if you assume all players are rational. Many autocrats are driven by ego instead of rational thought.
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  19.  @AusValue  Says the Russian troll with his toilet paper currency.
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  20. Netherlands 👀
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  21.  @BOYVIRGO666  Listing more than one anecdote is still anecdotal evidence. I met several people who have claimed they witnessed voter fraud, but that doesn't mean widespread voter fraud happened. It could mean people are being dishonest or using one outlier to represent a fictional trend. Also, job reports are reported monthly. The data is already out there.
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  22. You can also blame the voters for always choosing populist that promise short-term gifts that harm long-term economic growth. AMLO, Lula, and Maduro are examples of complete fool that the voters have chosen.
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  23. They needed a S, but South Korea said no.
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  24. The German miracle only happened when the fascists were expelled. In Russia, the fascists will not be going anywhere when the war is over.
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  25.  @kalomboC  Are you really going to nitpick how Chinese corporations aren't exclusively using Chinese workers because they let the locals clean the bathrooms at the construction sites?
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  26.  @mna7308  At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China’s economy as measured by the country’s gross domestic product.
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  27. Looks like Russia is already getting your country into economic trouble
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  28. Wasn't this debunked when Iraq made their oil deals with almost exclusively non-American oil companies? If America invaded Iraq to take their oil, then the country failed miserably.
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  29. Corrupt Democrats are using zoning to make houses scarce to profit off younger, more diverse citizens.
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  30. Miles is an anti-populist, so obviously, his policies will be less popular. Shame on anyone who votes for a candidate who wants increased spending, less taxes, and then makes up the difference with protectionism. It won't work. 🇺🇲👀
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  31. It isn't just debt. It is also money printing. 🤮
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  32. Communism = Socialism + One party authoritarianism China and Vietnam only given up socialism, and only partly.
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  33.  @LaneCorbett  You have to submit applications to the government now to prove you are applying and that you aren't applying for jobs you are unqualified (such as cashiers only applying for chemical engineering jobs). The real abuse is people are on and off unemployment because they intentionally get fired from every job they get, because they are horribly lazy.
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  34. Except there isn't any American bases on Taiwan. You are probably thinking of Okinawa.
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  35. I think that is called retirement
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  36.  @socialenigma4476  Yes. Artists and writers who can't sell their art are useless. Housewifes can work, but they choose not and pretend it is a noble choice.
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  37. Russia is the one bombing hospitals, power grids, and schools in Syria.
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  38. Erodgan has always had authoritarian leanings, but he generally did a good job managing the economy. What happened?
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  39. There are many, many examples of democracies nationalizing private companies into public ones. Unless they have a monopoly on a resource to export, all the public companies become a burden on the state.
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  40.  @IggyStardust1967  Except for the countries that have massive oil resources, European companies tend to be less profitable than American companies, and the workforce has a much higher unemployment due to these socialist policies.
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  41.  @hithere5553  Private sector unions lead to higher unemployment and outsourcing.
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  42.  @hithere5553  You're the factless ideolog who can't understand basic economics.
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  43. Countries that reject foreign investment will never be a developed country.
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  44. That's already a thing. If you your tax write offs and rebates are higher than your tax payments, then you get a net payment from the government.
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  45.  @termitreter6545  I think the opposite issue would happen. Covid stimulus shows people will live off very little money if it means not working 40 hour weeks. Low skill jobs will be difficult to fill and large corporations will be the only ones who can afford to replace with automation.
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  46.  @termitreter6545  Low wage jobs are necessary for an economy and without them you get our current problem of supply chain issues and shrinking productivity. Plus, these workers are subsidized heavily with government benefits including free food, discounted rent, and free healthcare. People only want to work if the job pays heavily, creates little stress, and are not labor intensive. The people without skills who can't find these unicorn jobs have been shown to choose not to work until the goverment stimulus ran out.
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