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A horrible shithole in an International Discord Model UN server where actually braindead stupid people try to debate either about why Communism is the ideal world order or why Genocide and War Crimes are acceptable.
Doctor: "Hey, how did you get testicular cancer?"
IDMUN Member: "I debate in #politics-and-economics"
A job title that involves a person getting paid to spend there boss's money on whatever they want to help stimulate the economy. Able to spend the money on themselves as long as said Economic Stimulator thinks the item/items are expensive enough to help.
"Billy did you hear that the Economic Stimulator just bought herself another dress with the company's money"? "No I didn't John, I just hope that it was expensive enough to help our economy out". "Well its no rolex Billy, thats for sure". "All I know is that its gucci so i think it was a good buy".
A phenomenon plaguing white, working class Americans that makes them concerned about their finances and also really racist.
Some people voted for Trump due to economic anxiety.
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A school of economics advocating free markets. It was founded by Austrians who were called Austrians as a pejorative by Germans, who considered themselves more civilized because of their modern, socialist state (via Bismark). Later, the Austrian economists left Austria, some not before the civilized Germans took over Austria (via Hitler). They came to America, and were still called Austrians, Probably because of their funny mustaches and names.
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
"Krugman has a bad case of apoplithorismosphobia."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
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Defines the gap between regular economics and the actualy economics of society. The coutries finacial definitions are defined by the governments assumption on what the "AVERAGE" family does, however bling economics describes the fact that the modern families want more than the average family.
For instance the average family according to the govt shops for nescafe and the mordern person want starbucks.
THEREFORE, pricing things according to the govts rate of inflation as oposed to bling economics rate of inflation leads many of the population taking pay cuts.
Govt: The current rate of inflation is 2.5%
bling economics: The rate of inflation for consumerist economy is 10%
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when the democrats hike taxes and the economy gets fucked.
"You're not going to be able to have economic intercourse around the world."
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The ability of an economic system to provide what people what, given their incomes. Given the fact that incomes and resources are both finite, efficiency will be of the utmost importance in determining if people's wants are satisfied by the workings of the economic system.
Free market economies usually provide high levels of economic efficiency.
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