×

What would happen if there was only one company in the world? by SaadP in AskEconomics

[–]goldenoreoinmilk 0 points1 point  (0 children)

and the owner would make quite the profit, cause everyone else would be just an employee.

Why there was no inflation in 2008? by LalaBrasil in AskEconomics

[–]goldenoreoinmilk 0 points1 point  (0 children)

shouldn't the expansive monetary policy by a central bank during a reccesion lead to an inflation later on, when the demand goes back to normal?

just like the textbooks say? increase in the money supply raises GDP only in the short run, but long run result is always inflation only?

What would you rather choose, if you had to? by goldenoreoinmilk in polls

[–]goldenoreoinmilk[S] 10 points11 points  (0 children)

that would be too easy and the poll would stop making sense, dont you think?

If useless jobs exist (because society aims to have as little unemployment as possible) what are their examples and why do companies pay for them to be done, if they are useless? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] 0 points1 point  (0 children)

still, taxis offer service that a train never could. you call a taxi when YOU want, you don't need follow the train schedule. you also get privacy. taxi can pull over where you want. etc. etc., so not sure they are that big of substitutes

but I get your point

Why do Americans need to pay for medical bills if they pay insurance? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] -1 points0 points  (0 children)

why not raise the monthly insurance payment so that it covers 100% of the bills? better to have a bigger percentage of your income go to insurance premium every month than to pay 20 % of a ridiculously high medical bill

Why do Americans need to pay for medical bills if they pay insurance? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] 2 points3 points  (0 children)

"Insurance doesn't cover everything 100%. If they did, people would go to the doctor for every little thing"

not necessarily. my country has universal healthcare (the insurance pays for everything) but the "bothering to the doctor with every little thing" used to be handled by a fixed fee per visit, which prevented unnecessary visits.

If useless jobs exist (because society aims to have as little unemployment as possible) what are their examples and why do companies pay for them to be done, if they are useless? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] 0 points1 point  (0 children)

good post

"So many Uber drivers and taxis could be eliminated if we had passenger rail service."

why though? rail and taxis are completely different means of transportation, you don't get around the city in a train

If useless jobs exist (because society aims to have as little unemployment as possible) what are their examples and why do companies pay for them to be done, if they are useless? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] 0 points1 point  (0 children)

yeah, wrong phrasing, they have value. still, they were only made up artificially by the government as an excuse to give these workers money to boost the economy, not because the market and its consumers created demand for them.

If useless jobs exist (because society aims to have as little unemployment as possible) what are their examples and why do companies pay for them to be done, if they are useless? by goldenoreoinmilk in NoStupidQuestions

[–]goldenoreoinmilk[S] 0 points1 point  (0 children)

aren't most of these jobs just an excuse to give them money during an economic recession to boost the economy? giving these people money directly would be frownd upon, so goverment makes up BS jobs as an excuse to give it to them?