• U.S. economy poised to accelerate
    91 replies, posted
[quote] Famed U.S. economist Milton Friedman once observed that a recovery from recession is like plucking a guitar string: The harder the economy is pushed down, the faster it snaps back. That didn't happen when America began to exit a deep downturn in 2009. Now, though, after years of paltry growth and despite a government austerity drive that could batter the economy for months, signs are emerging that a more robust recovery is around the bend.[/quote] [url=http://www.reuters.com/article/2013/02/25/us-usa-economy-growth-idUSBRE91O14620130225]Source[/url] Milton Friedman is a [I]very[/I] important economist
we got out of the great depression because of WWII the logical course of action is to start WW3
No, not start the war but get German to start it.
[QUOTE=.FLAP.JACK.DAN.;39714475]No, not start the war but get German to start it.[/QUOTE] US and Germany unite and start it. That way we will win
i hope the economy recovers
Hopefully, then Europe can get a little boost.
What about the forced budget cuts? Knock it down while its weak.
[QUOTE=Ezhik;39714543]i hope the economy recovers[/QUOTE] I hope so, I'm tired of eating toaster waffles.
Legalizing the ganja would give a boost to the economy.
Woah, U.S Economy, better shift into second gear!
[QUOTE=koeniginator;39714463]we got out of the great depression because of WWII[/QUOTE] [url]http://en.wikipedia.org/wiki/Parable_of_the_broken_window[/url]
[QUOTE=Sobotnik;39715031][url]http://en.wikipedia.org/wiki/Parable_of_the_broken_window[/url][/QUOTE] I dont know if people here understand economics..so that might be confusing to most
[QUOTE=Sobotnik;39715031][url]http://en.wikipedia.org/wiki/Parable_of_the_broken_window[/url][/QUOTE] We broke [I]Germany's[/I] windows, though!
[QUOTE=areolop;39715067]I dont know if people here understand economics..so that might be confusing to most[/QUOTE] It really isn't that hard to understand if you have a standard education... Oh yeah, Facepunch, riiiiight.
Hopeful, but I'll believe it when I see it. :v:
i dont remember what it was like before the economy wasnt shit
I always find it fun to read articles like this considering how just this morning a bunch of guys at my school were reading articles about how the US dollar is going to "collapse" at any minute and lead us into the next great depression.
the world economy crashing was perhaps the greatest thing for people in Australia who liked to import things, seeing as we weren't that badly affected by it (obviously became very bad for exports though). I remember back around 07 or 08 I bought the Valve complete pack on Steam. It was $100USD and that worked out to be $151AUD at the time. Now you go on Steam (well, any US based site) and buy something for $100USD and it only costs around $95AUD or so. These great deals probably helped making me so poor.
unless of course, the sequester doesn't get eliminated
[QUOTE=areolop;39715067]I dont know if people here understand economics..so that might be confusing to most[/QUOTE] It's not confusing, the gist of it appears to be that by causing damage in order to force someone to pay for the repairs you prevent that same money from being spent on something else. I.E you can't boost the economy by causing a war, because all you're achieving is getting money reallocated to bombs and tanks from other parts of the budget. "The stimulus felt in one sector of the economy comes at a direct – but hidden –cost to other sectors".
[QUOTE=Antdawg;39715443]the world economy crashing was perhaps the greatest thing for people in Australia who liked to import things, seeing as we weren't that badly affected by it (obviously became very bad for exports though). I remember back around 07 or 08 I bought the Valve complete pack on Steam. It was $100USD and that worked out to be $151AUD at the time. Now you go on Steam (well, any US based site) and buy something for $100USD and it only costs around $95AUD or so. These great deals probably helped making me so poor.[/QUOTE] We in the U.S. thank you for your economic support in our time of need.
[QUOTE=NuclearAnnhilation;39715313]i dont remember what it was like before the economy wasnt shit[/QUOTE] I think it's one of those things that we sort of stop noticing after a while.
[QUOTE=areolop;39715067]I dont know if people here understand economics..so that might be confusing to most[/QUOTE] Basically you are spending resources destroying things. The employment created as a result (through a Keynesian perspective) would offset this, when in fact it actually doesn't. [editline]25th February 2013[/editline] [QUOTE=Gekkosan;39714982]Legalizing the ganja would give a boost to the economy.[/QUOTE] No it won't. Stop pushing this bullshit.
[QUOTE=Gekkosan;39714982]Legalizing the ganja would give a boost to the economy.[/QUOTE] protip: It probably isn't even illegal In the UK, at least, it's the person's actions and possession/property in relation to the drugs which are controlled under the Misuse of Drugs Act but this is often misrepresented with claims that certain drugs are "illegal"/"legal" when neither "legal drugs" nor "illegal drugs" exist in accordance with the law. An inanimate plant or object cannot be subject to laws or regulations - laws are for people. So what you really mean is really to allow and regulate it and remove property controls and personal penalties related to it. [URL]http://ssdp-uk.blogspot.co.uk/2011/05/illegal-drugs-do-not-exist.html[/URL]
Wow that parable works really well on the micro level for that specific scenario (he doesn't have a decent amount of cash in reserve that he can use to buy say, both a pane of glass and shoes, and would spend all of the money he could) Isn't it great how things always scale up perfectly and are so applicable to so many diverse possible scenarios that we can just post links to them like that, without further explanation? It's like when cable news compares the finances of the government to the finances of a household, economics is just that simple of a subject. :smile: Also, not all wars are the same either. So while a potential WW3 might have the same effects of WW2, it could also make things worse.
Oh, good. Maybe now I'll actually be able to find a place willing to hire someone with no job experience despite seeking a job for 7 years straight.
This better be true. So sick of leeching off my parents due to complete lack of jobs in the area.
It's better to just ignore economists in general, they'll say anything to get people to listen to them. They've been saying the economy has been on an "upward trend" since forever, yet the economy just keeps getting worse. I think that they're so full of themselves in thinking what they say in words has some sort of measurable impact on the condition of the economy (hint: it doesn't.) As long as Congress continues to be a bunch of children and continually throw sissy fits over completely pointless things rather than do their job, nothing is going to get better. The middle class in America was shafted once all of those free trade agreements were signed. Nobody wants to pay an American middle class worker $15-25/hr when they can ship the labor to India or china for the same amount of work at just pennies on the dollar a day. All that's left in many areas are minimum wage retail/food service jobs that you're fighting unemployed middle class workers desperate for a job, as well as illegal immigrants which are often paid under the table less than minimum wage by companies not even wanting to pay legal workers. There's also the upper class jobs that are far out of reach, unless you want to be $100,000+ in debt for college, and you aren't even guaranteed to get the job.
You cant ignore Milton. Just as you cant ignore Keynesian economics
They were saying that like two years ago. "We'll come roaring back any second!" We're well into Lost Decade territory. An entire generation of people are growing up in a shit economy where their expensive college degrees are rewarded with a huge debt burden and a service industry job making barely above minimum wage. The jobs that held up the middle class are gone for good and never coming back. Downward mobility is widespread, upward mobility essentially doesn't exist at all. We are out of "economic downturn" and into "this is the new normal".
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