Everyday Economics - Suggest a New Topic

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  1. Can we soon live in a world with unconditional basic income ?

    Can the idea of unconditional basic income work and be sustainable over time ?

    4 votes
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  2. Trade and Prosperity

    Should we be worried that technology is destroying jobs?

    4 votes
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  3. Richard Thaler

    Nudge and or Behavioral models vs. Rational models.
    Many of my students question or fight the basis of all standard economics.

    4 votes
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  4. 4 votes
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  5. Is income inequality in this country bad?

    If so, should government get involved in equalizing income?

    4 votes
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  6. 4 votes
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  7. 4 votes
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  8. How can a country fend of economic collapse if our money is based off of trust, and a rising population means more money must be printed?

    In the United States, the population is rising, this means that without the printing of more money, there will be the same amount of money for a greater amount of people, meaning it will make each dollar more valuable. Yet we print money that really on has a value because we give it one (it is simply paper after all). Printing off more money also leads the the devaluation of it as well (the wheelbarrow story in Germany). How is it that we stay this from happening?

    3 votes
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  9. Why Are Negative Interest Rates A Bad Thing?

    While nobody wants skyrocketing inflation, Economists seem to agree that mild inflation is acceptable. However, there also seems to be a near universal belief that even mild deflation is a horrible phenomenon. I can't grasp why this is the case, other than the psychological effects of "self-fulfilling prophecy". If dollars are worth slightly more today then they are a month from now, won't that trigger demand/consumption? Won't that increased demand reduce unemployment and increase businesses spending/short-term investment? Please help me understand where I have gone wrong.

    3 votes
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  10. What happens to investments when a currency collapses?

    Say the US dollar collapses. There is massive runaway inflation. My mortgage is still $xxx,xxxx. What does my employer pay me? How? Can I pay off my house now worth a couple ounces of gold converted to inflated US dollars? Did the bank just lose huge on their bet with me and millions of other homes for which they loaned money? What other factors should I consider?

    3 votes
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  11. Build a Discussion Area at the bottom of each video.

    It would really help to have a section where we can ask questions about what we do not understand and share our suggestions and views at the end of each video.

    3 votes
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  12. What about customs?

    Should there be any security procedures when it comes to imports/exports on the border? And if so what kind?

    3 votes
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  13. Rent Seeking

    I am an instructor at a community college. I will be talking about rent seeking tomorrow. I would love to have a video to share like the ones you are doing on other topics.

    2 votes
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  14. Why no resource in history has never been consumed to exhaustion

    If a man spent his entire pay check on beer, there would still be beer for sale.
    If he sold everything he had and spent it on beer, there would still be beer for sale.
    If Bill Gates sold everything he had and spent it on beer, there would still be beer for sale.
    If all of the richest people sold everything and spent it on beer, there would still be beer for sale.
    No matter how much is spent on beer, there would STILL be beer for sale.
    Why?

    2 votes
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  15. How do we reconcile Ice-Age psychology (e.g. envy and spite to control IPD) with rational economics?

    In small groups, where cooperation was the iterated prisoners' dilemma, it was quite rational to act irrationally, declining unequal sharing for example. See the allocate / veto game, where disgust at "unfairness" makes one side turn down free money.
    Those instincts run deep. They drive the politics of envy and tribal resentment.
    But to prosper we must embrace rational economics, and learn to live with unequally-rich, as superior to equally poor.

    2 votes
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  16. How about replacing Obamacare with government paid medical savings accounts for each citizen?

    If monthly deposits were made to each citizens medical savings accounts, in lieu of bureaucratic schemes that subsidize some but not all; would not competition drive down the cost of medical care, would not the stigma of medicaid be dissolved, would not excessive testing be reduced and would this not help with the immigration "problem". With such programs in place, citizens might be more open to immigrants that do not receive these government benefits until serving a probation period, obeying our laws and passing citizenship tests?

    1 vote
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  17. How Students Can Benefit From Online Education

    Over the years technology has progressed into a force to be reckoned with; it seems you can learn just about anything online. Previously you could do basic things like shop or get directions, and now you can literally attend school online from the comfort of your living room. Education websites proliferate the Internet and appeal to all ages; anyone can take advantage of this new shift in technology. Evaluating the pros and cons of education websites will allow you to see which ones are the choices for you.

    The obvious perks to education websites are flexibility and the multitude of…

    1 vote
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  18. 1 vote
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  19. 1 vote
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  20. 1 vote
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    5 comments  ·  Flag idea as inappropriate…  ·  Admin →

    Great question! I’d start with this section in Principles of Macro:

    https://mru.org/courses/principles-economics-macroeconomics/gdp-per-capita-purchasing-power-parity-example

    Then if you want to go deeper, I’d suggest diving into development economics. We have a our course here:
    https://mru.org/courses/development-economics

    There are also a lot of good books on the subject. You’ll see some of the featured at the beginning of the puzzle of growth video in Macro.

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