Comments by "seneca983" (@seneca983) on "VisualEconomik EN" channel.

  1. If that's true then the Marshall Plan was a real win-win.
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  2.  @s9ka972  "seems OK today but their future is better not said" But this is a completely different thing than what you said in your original comment and what I objected to. Originally you said: "Compared to Asia ( Japan + South Korea + China + Asean + India + GCC) , most of European countries have significantly less productivity levels ." My objection was that the countries I mentioned in fact have higher productivity levels than those Asian countries. I didn't make any predictions about what the productivity levels are going to be in the future. That's a completely different thing. "it's not emojies , but their respective flags" Flag emojis are still emojis.
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  3. It's not obvious that small size would help. Singapore is an unusual case because it's basically entirely urban whereas Denmark is a more normal country with both urban and rural areas. How would small size help Denmark relative to, say, Spain? Would Spain be richer if it were divided into countries the size of Denmark?
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  4. That's not true at all. At least the rich European countries like Germany have higher productivity levels than all of those (except GCC). Especially China and India are still poorer though they have progressed a lot.
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  5.  @s9ka972  Even Spain and Italy are ahead of the Asian countries you mentioned and the UK is only slightly behind Singapore. The GCC countries might be ahead but oil is a big part of that.
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  6. "And please, stop using UK and Europe in the same sentence, I know that geographically they are still located in Europe but they are no longer part of Europe." That doesn't make sense. He said "Europe", not "the EU". These are not the same thing.
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  7. There must have been some kind of mistake. I think it's closer to 1%. Maybe they thought about an annual cost when the total amount is spread over several decades.
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  8. Europe is still well above the world average in terms of prosperity but that might eventually change if improvements aren't made.
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  9.  @raylopez99  "money does not buy happiness" Income does correlate with happiness.
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  10. "Probably an average Spanjard is wealthier than a Danish" What's your source for that? I don't have a good source but the Wikipedia page "List of countries by wealth per adult" gives the average net worth of $426,494 for Danes and $222,888 for Spaniards meaning Denmark is almost twice as rich by this metric (though Denmark also has a bit more wealth inequality).
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  11.  @ycplum7062  "That is in the ballpark." Were you replying to me or OP? $540 billion is roughly 1.5% of $35 trillion.
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  12. "No Facebooks, Apples, OpenAIs, Googles and so on." I don't think that's due to patents. Software patents are rather problematic.
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  13.  @raylopez99  Correlation is not necessarily causation but in this case it would seem to me that it's far more likely that the causation runs primarily money -> happiness than the other direction. Firstly, it's pretty intuitive that a lack of money can make you unhappy. Secondly, a lot of people get money due to things that are not directly caused by happiness (such as inheriting it).
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  14.  @LarsPallesen  The Wikipedia page I mentioned above gives the Gini index for the wealth distribution in Denmark as 73.9% and the one in Spain as 69.1% meaning Spain is more equal in this regard. I suspect for the income Gini index the result would be the opposite but I don't have that data on hand right now so it's just a guess.
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  15. "When talking about inflation, why doesn’t anybody ever talk about the excessive money printing which devalues your purchasing power? They always love to talk around it with bullshit terms like “cost pull inflation”, which is essentially the same thing without actually admitting it is and focusing on real solutions like… oh I don’t know… cutting spending?" You're right in that the Fed probably printed too much money during the pandemic and that's probably partly to blame for the current situation. However, the Fed has already tightened it's policy so that's less relevant now. When it comes to cutting spending, I don't think we should expect that to reduce inflation. When the government spends money, it doesn't print it. All the money it spends has previously been taken off the market through either taxation or borrowing. Therefore spending doesn't push more money to the market in the net (unlike stimulus by the central bank) and thus there isn't a reason to expect spending cuts to have a big impact on inflation.
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  16. Prices don't have to go down for inflation to go down. It's enough that the rate of price increases is reduced.
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  17.  @give_me_my_nick_back  "I'd rather [...] not live in a completely empty cities, completely made up of suburbs with next to no stores" I don't think that's an accurate description.
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  18.  @mayer14474  Lol! Seriously speaking, I think that probably wouldn't work in general but might in some special cases.
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  19. He means that the Baltic countries have been growing faster than e.g. Spain. The high inflation is a very recent phenomenon and doesn't nullify the growth in the years prior.
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  20.  @Chris-pq3wp  They're not screwed (assuming Russia doesn't invade). They have been growing decently. Estonia is the richest former Soviet state and has already (slightly) surpassed e.g. Spain and Portugal in terms of GDP per capita.
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  21. Hyperinflation is unlikely. The current levels are still far from it and central banks have tightened their monetary policies.
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  22. "Tell USA to adopt Unified Payment Interface of India. It will put a brake on the rampant money printing addiction of the fed" Those things have nothing to do with each other.
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  23. Hyperinflation is unlikely.
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