American Economics Thread

ansy1968

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The member states not much but I'm sure the ruling elites that have their wealth in the US are probably thinking shit we have to do what they say or else we will get the Russian oligarch treatment.
Bro during Cory Aquino administration, why didn't the US facilitate the return of those Hidden Wealth? It may help to stimulate our economy and Since the EDSA revolution had become the CIA template for Colored Revolution it will endeared the US more instead the senate voted to remove those bases. Why? because the American are playing both side and are not sincere in reconciling. It lead to countless coup and forces Cory to embrace the oligarch as family nepotism abound as they raped the country economy and industries.
 

ansy1968

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and when ASEAN Dedolarrizes? WTF will happen to these elites?
Well they will force to learn Chinese and since majority of the Mestizo elites had Chinese blood on them they can easily assimilate like they did after Spain cede the Philippines to the Americans. Money talks and they currently enjoying the smell of YUAN as the dollar stinks, never under estimate the oligarch desire for MORE wealth, Like I said before IF the Chinese willingly coopted them, you will see mass protest in the street demanding the US to abrogated the Philippine and American MDT (Mutual Defense Treaty)
 

USTBasisRollCarry

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doing better? no. earning more nominal dollars? yes. big difference.

doing better doesn't mean rapidly declining life expectancy and increasing maternal mortality rates.

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33/100k as a comparable:

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Eh, income is a good measure. You can bring up home sizes, the number of washers, money spent on food away from home, etc to argue a separate question of "better". To your point though, yes, the US has worse population health outcomes than European countries at every level of the income strata

You are correct in this, but most advanced economies don't seem to struggle with inequality.
The US having high inequality is a political choice to have weaker fiscal transfers to poor people and it was in the context of why aggregate statistics tend to fail to capture the status of the United States.
 

FairAndUnbiased

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Yes. We absolutely could.

The issue with infrastructure, which Noah doesn't explicitly say for some reason, is relying on contracting Unions to build it. Because every government program also has to be a jobs program.

Things would get built a lot faster if there was competitive bidding (along with quite a few other parameters) without a requirement to use union labor and this and that and whatnot.

If I was in charge, I would simply hire Chinese firms. I'd probably get the boot or get voted out within 2-3 years, but at least I would've actually built something.
You can't because you'd be sued by NIMBYs. Every step will be contested from permitting phase onwards will be contested.

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The lawyer fees and environmental regulations set by local governments would make it economically unviable to sell at a low price point, and thus you wouldn't build housing with a 1950s price income ratio, even towers will need to be upscaled to luxury condos.

To overhaul this you'd need to overturn the entire legal system.
 

USTBasisRollCarry

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To overhaul this you'd need to overturn the entire legal system.
No, you wouldn't. You would just need to repeal the laws NIMBYs use that delay construction; if NIMBYs have no cause of action, their cases would be dismissed in court for failure to state a claim.

NIMBY simply reflects the revealed preference of individuals to be opposed to density and construction *where they live*
 

USTBasisRollCarry

New Member
Registered Member
Eh, income is a good measure. You can bring up home sizes, the number of washers, money spent on food away from home, etc to argue a separate question of "better". To your point though, yes, the US has worse population health outcomes than European countries at every level of the income strata


The US having high inequality is a political choice to have weaker fiscal transfers to poor people and it was in the context of why aggregate statistics tend to fail to capture the status of the United States.
This conversation seems to have drifted into a wide array of points but the main ones which seems to be uncontested is that US incomes are higher than those in Europe, have grown faster over the last 2 decades and most measures of consumption indicate US households consume more.

A final thing: if European households were better off than American households, why are there more Europeans immigrating to the United States than Americans immigrating to Europe? The revealed preference suggests US households are better off
 
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