/Economics general/

Are threads about economics supposed to be on /his/ or on /sci/?

>>3342733
Could be /biz/ but desu those guys don't talk about anything other than e-currencies.

>>3342666
>>3342733
Its unsustainable, we can't just keep going around murdering every leader and overthrowing every state that tries to sell oil in something other then dollars.

Who /major in economics but thinks economics is absolute pseudoscience/ here?

>>3342733
>/sci/
>Something that's neither experimental based, or some form of engineering

Basically, anything that can't be put to trial in a laboratory, is going to be bullied until it submits and comes here.

Anyway, isn't like we wanted to be in there. Baka!

>>3342733

Hey, at my school economics was in the college of liberal arts, not the school of business. Since it was taught without calculus, it's just as useless as other humanities.

>>3343078
I'm getting a bachelor of Arts and it includes quite a bit of maths

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>>3343143

Shh, we're trying to fit in here, remember?

The Historical School is one of the better strains of economic theory imo

>>3342666
>Is maintaining the supremacy of the petrol dollar all that really matters for the usa? Is the current arrangement where essentially the entire world empties its tangible goods on the shores of the usa only to get dollars in return the greatest arrangement of empire in all of history? Will it pretty much continue indefinitely? All the us has to do is print USD and sell it on the global market for real goods while brain draining the entire planet to maintain a monopoly on intellectual property along the way.
This is a political question, not an economic one, politics and economics are intertwined, yes, but that doesn't mean that discussing politics has a place on the history board, for an actual economics discussion, /bis/ would be your better bet, and for a political discussion /pol/.

>Is maintaining the supremacy of the petrol dollar all that really matters for the usa?
should be and im sure there are elements of the static technocrat bureaucracy that get this but the politicians and voters sure dont seem to get it. every time a USA politician says shit about the budget like they dont have a nearly bottomless pit as the world currency i get a good laugh.

>Is the current arrangement where essentially the entire world empties its tangible goods on the shores of the usa only to get dollars in return the greatest arrangement of empire in all of history?
yes

>Will it pretty much continue indefinitely?
they're trying their darndest to fuck it up so probably not. it's a simple thing to maintain once established though... so just know when China takes their spot it's because China earned it and Americans are retarded.
of course there's also the possibility that the /biz/ dream of an global anarcho-currency taking over as the primary currency of the world... China's inability to curb monetary flight is helping this scenario.

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>>3342666
>mah petrol dollar empire
Stupid. Not a real thing. Next time you start a /Econ general/ do it with something interesting.
Ideas:
Does austary work
Is government spending in really long term just bad for economics.
Every nation that industrisied ever did so with government funds helping, does this refute Austrian
What would be better ways to measure real unemployment and inflation numbers.
Why is captiol stock at all time highs while real investment at all time lows.
Is regulation in the derivatives market needed.
Should investment banks need to carry a lower risk leaverge ratio to stop systemic problems.
Or try to ask about some historical economic episodes such as
The crashes between 1900 and 1915
The bail out of the Bank of England st the First World War and thus allowing us to sell bomb materials to Germany.
The 1800/s attempt st a currency union in Europe. (Latin Monetary Union).
Commercial paper in the US
The economic bocatts preseading wars.
Empire economics, such as Spanish empire inflation
Etc

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>>3342666
>MUH PETRODOLLAR
/pol/-tier bullshit

>Is the current arrangement where essentially the entire world empties its tangible goods on the shores of the usa only to get dollars in return the greatest arrangement of empire in all of history?
No, it's the other way around, the USA has been getting scammed and gutted by China since the 1993 Reminbi devaluation which fixed China's currency below the equilibrium level (undervalued). China has been gaining industrial investments and technology, the fruits of 350 years of Western capitalist R&D for free, and in exchange the USA has seen the dissappearance of its industry, the ballooning of its foreign debt, and a flow of cheap electronics and consumer trinkets that will be worthless when WW3 comes.

In the year 2000 China's economy was one third of the USA. Today, at PPP values, China has surpassed the USA.

>Will it pretty much continue indefinitely?
China holds the world's largest current account surplus since over 15 years ago, and it is the one that can decide when to pull the plug on the dollar.

If any of the following happens, China will simply stop buying US bonds and the USD will crash:
A. The US repudiates its debt
B. The US slaps tariffs on China to the point that Chinese exports are significantly threatened
C. China continues to develop its internal market to reduce export dependency, to the point where they can feel confident to start WW3.
D. Military conflict with the US

This is the Chinese endgame. The current international system works to China's advantage. China will exploit and mantain the current international system until it stops doing so. When the cycle breaks, China will be in a perfect position to wage war against the West, as it now holds most of the world's industrial capacity and has spent the past two decades building a network of nuclear bunkers and silos known as the Underground Great Wall. Russia and China have always believed in a winnable nuclear war. MAD is a Western delusion

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>>3344866
>>3344987
>petrodollar
>not real
hurrrrrrr

>>3342733
>/sci/
Psychology has a better chance of getting accepted as a science than economics.