Jump to content
Objectivism Online Forum

anuse10

Regulars
  • Posts

    15
  • Joined

  • Last visited

Posts posted by anuse10

  1. We know that race -- in the U.S. -- is correlated with other factors, which are likely to affect income levels.

    Thank you for clearing my doubt. That sounds more logical to me now. It would be better for the author to pinpoint that factors such as education level and number of children need to be taken care of contributes to the income level of a woman, as opposed to just race. Is it justifiable to conclude that black women have a low income because in general, they receive lower education and perhaps having more children, if relevant surveys are carried out?

  2. The behavior of farmers and those involved in subprime mortgage crisis is driven by greed. The temptation of a better off living standard lure them to accept offer from bankers without considering the risks associated.

    If those lenders can foresee the recession and that they would be vulnerable to debts, they would make such loans. At the end of the day, the education of finance knowledge matters.

  3. The original Karate Kid (and its remakes) were classic films, which is why they have stood the test of time. Today's remakes have little to do with the original inspirations behind the films. The original Karate Kid was a "coming of age movie", which had Karate as a means to set the characters in motion. The casting was brilliant, Morita was the old, unassuming teacher that imparted more than just how to block with his famous "wax on-wax off" lesson. Macchio was the perfect teen counterpart - he was every teen, not one with super human or special effects induced skills. The original focused on development of the movie characters, not the action - and it is the simple basics of Macchio's Karate that made his character work and be strong against the more highly skilled Cobra Kai team.

    Oh I thought it was the "jacket on, jacket off" lesson. I really like the quote "There is no such thing as a bad student".

  4. Yes, because with deficit spending, the government is paying out for goods and services is promises: promises that junior will pay for these goods and services some time in the future. So, junior is going to be worse off when he has to fork out more tax money. Further, so that they don't have to ask junior for so much, the government of the future will often resort to inflation, with all the problems that brings. When the accounts are all squared away, the total is less than it would have been. However, it is not less for everyone. The process is redistributive of wealth. So, some people end up with more and others with less.

    Thank you for backing my arguments and saving my hassle of breaking out the books. The consequence of deficit spending would probably be a greater disparity of wealth among juniors (It would be easier to understand using the words taxpayers or the next generation), and that the highly uneven distribution of resources is not what economists wish to see.

    Put government spending aside, if I were the authority of the college I would want to get the snazziest computers installed on my campus. Resources is put to best use when it is utilized, as opposed to leave it unused and stale.

  5. Okay, so the statistics are being measured only in the US.

    My question is, on page 6 of the report, the discrepancy of wealth between single white woman and black woman is so large - 41,500 and 100. If the measurement is based on a set of correlated factors and the figure of black woman wealth is biased, why there is such a difference between the two numbers?

  6. I like the fact that the "abolish taxes" and "establish free trade" people are winning the poll with 32 and 23% whilst the "give to the poor" and "protect the environment" people are at 2 and 6%.

    That Green Party person's article was horrible. "Forget the GPD," "stop trying to have economic growth," no thanks, I don't have a death wish.

    Indeed. It seems like she is redirecting audiences focus by tying economy and environmental issues together. Well, I do think environmental sustainability plays a major role in improving our living standard, but it is irresponsible to simply put that preserving the environment can fix the economy.

  7. The assumption is that the operation of streetcars should be an open market. Fair enough. However, the government hires and buys literally thousands of goods and services, granting contracts, franchises, and monopolies to single-source providers. Federal courts are protected by over 8,000 plain-clothes armed officers hired from a Akal Security.

    Other contracts such as telephone, broadcast, and internet go to multiple vendors, depending on the actual agency putting out the bids. (To speak of "government" is to commit the fallacy of the unnamed collective.)

    Four firms guard US Army bases in the USA: Wackenhut (a branch of G4S of the UK), Vance, Akal, and Coastal International.

    Should the agencies and departments produce their own uniforms, or buy them?

    http://www.defenseindustrydaily.com/usa-contracts-for-new-army-combat-uniforms-in-acupat-camo-03024/

    Are you saying that instead of purchasing from a single supplier, the government should purchase from multiple suppliers to curb monopoly?

  8. I am no Economics expert but I can account for the argument your classmate made. His argument rests on the Keynesian model of aggregate expenditure=C+I+G+(X-M). When G increases - buying more snazzy computers -, aggregate expenditure will increase and therefore stimulate the economy.

    However this effect is short term, in the long run it hurts the economy. I have to break out the book to look for that. <_<

  9. Thank you for your explanation.

    From my understanding of your explanation, China has been keeping RMB undervalued by pushing up the RMB money supply. The price level has to rise in order to compensate the lowered value of RMB. As a result, inflation kicks in.

    Another concern of the government is that the appreciation of RMB would also entice the flood in of hot money, as speculators expected to earn money through China securities. When the bubble pasts, hot money rush out and the economy of China would be hit harder than it would be. Correct me if I am wrong. :)

  10. Hi folks, I am a first year MBA student taking an Economics course. My colleagues and I are having trouble learning by just poring over books, so instead I change my learning process by facilitating discussion online, incorporating business knowledge to my daily life.

    China, in my preception, is experiencing a significant inflation as the government is maintaing an undervalued currency exchange rate. A low exchange rate results in a hefty trade surplus. What if there is an appreciation of RMB? My professor said such appreciation would push down inflation and according to Philip's curve, would spur a tepid output and heighten unemployment. Why would the appreciation of dollars push down inflation?

    Canada, when compared to US, has a lower trade surplus as the loonie is firting greenback with parity. Despite a sign of recovery after the recession in 2010, locals are pessemistic about the outlook of the economy. Some analysts even note that there would be a double dip recession.Bank of Canada governor, Mark Carney, still carry out the monetary policy of increasing money demand by holding interest rate to as low as 1%.

    My professor pointed out that Japan did a China a favor by purchasing European bonds. How did that happen?

×
×
  • Create New...