Hi /biz/, for those of you that know economics deeply, which candidate do you think would be the best to help America face the crisis we're about to have this year?
If minimum wage increases, goods and services will increase nearly just as high, making the whole increase in minimum wage pointless. Since the goal of minimum wage is to make a living, and you need goods for a living.
Trump, he's the only one with policies to actually curb inflation and tax increase, in addition to this his policies on immigration will mean more jobs for citizens with no qualifications increasing buying power for the lower class, which in turn will allow for GDP growth.
There's no collateral, you're not going to be able to take somebody's degree back because they didn't repay loans
Atleast you can foreclose a house or repo a car. Students are also low income, so there's a much higher risk involved
Why not? If someone doesn't pay then why couldn't the university strike them from their records? Obviously the law would need to change but can you imagine walking into a job interview and saying that you have shit personal finances?
>FDR responsible for post WWII growth
obviously it was the policies set in place to address the great depression, not the fact that the productive capacity of all other powerful nations were decimated during WWII and our nation sold what was used to rebuild the world
/pol/ here. Know very little about economics, so I'll go ahead and ask.
What do you think of Rand Paul in terms of economy?
>thinking that we have reached the Fed's 2% target for inflation.
Our dollar needs to depreciate to control for net exports you silly goose. A .6% increase in inflation won't do much against consumer spending. This would also help countries struggling to pay off their US corporate debt which would decrease the chance for those countries to default and lead to a massive global crisis. Hence the reason the Fed's made its main goal to increase inflation through forward guidance.
Inflation isn't all bad and is necessary for a country's economy to remain stable. Right now, inflation has remained stagnant, allowing for net exports to be a serious headwind against our GDP.
Hello Randlet. If you want me to give you an Economist's opinion on it, I can and will. I will need to research it though for it to be informed.
I don't think Rand really has a chance of getting to the primaries though..
His main focus is to increase unemployment benefits which (surprise) would create incentive for people to quit their jobs and become unemployed.
It's a stupid idea and he doesn't know what he's doing. He's attempting to make the Republican party more liberal, just in the wrong ways.
Furthermore, he wants to limit the Fed's power, which is the dumbest thing one can do. It's essentially saying "I'd rather trust a panel of politicians to run the economy that base their decisions on reelection rather than trust a panel of economists to run the economy who don't get elected to their positions and do what's in the best interests of the economy."