How would Sherdog fix the economy?

Discussion in 'The War Room' started by shitpostmodern, Dec 21, 2016.

  1. shitpostmodern

    shitpostmodern Yellow Belt

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    As an economics student, I'm curious what my fellow sherdoggers would do to fix the current economy if they were placed in a "benevolent dictator" type of position. What would your top priority (don't say "jobs") be for getting the economy back on track?

    Responses need not be in-depth, just clear enough to encourage discussion.

    Here's mine. I'm kind of into urban/labor econ, so my policies revolve around what economists in these fields generally support. By no means is this supposed to be exhaustive:

    1) Decouple healthcare and labor markets (there is a lot to unpack here, and it doesn't necessarily mean a single-payer system).

    2) Modest minimum wage increases in major cities, generous expansion of EITC (alternatively wage subsidies, direct cash transfers could be used)

    3) Encourage mixed-use development in major cities, discourage driving to reasonable extents (either through gas taxes, toll roads); couple with public transit where population density is high enough

    4) Open the US to trade, but as this is done, implement worker retraining programs so that people are able to continue supporting themselves

    Anyway, apologies for disappearing for a bit there. Finals were kicking my butt (calculus 2 brutalized me).
     
  2. Edison Carasio

    Edison Carasio Excellence of execution belt Platinum Member

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    DRILL BABY DRILL! - Sherdog economist.
     
  3. ultramanhyata

    ultramanhyata Gold Belt

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    SUPPLY-SIDE, TRICKLE-DOWN ALL DAY EVERY DAY, BABY! - 2nd Sherdog economist
     
  4. shitpostmodern

    shitpostmodern Yellow Belt

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    You guys don't actually think "supply-side" represents a coherent "school" of thought, do you? :(
     
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  5. NelmarksGhost

    NelmarksGhost Brown Belt

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    I would offer a bounty on my political opponents.
     
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  6. freaky

    freaky Banned Banned

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    You just want us to do your HW. I ain't falling for your traps.
     
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  7. Cmart

    Cmart Aspiring Milo

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    Fill the private sector with uppercuts.
     
  8. kpt018

    kpt018 Gold Belt

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    The economy is doing well so I don't like the implication of "fix the economy" but two ideas that I like that have been stated in the WR before are a kind of social security for children and/or a basic income. I like expanding the EIC and also like the idea of putting some policy in place that kicks in at a certain UE level that works to get us back to full employment (avoids the political bullshit and slow action when fast action is needed). I'm not a fan of MW laws (good intentions) but while we are using that system modest increases are badly needed, but I'd rather address those problems with the former suggestions.

    Increased taxes on capital are long overdue but I wouldn't make them too punitive. A bracketed approach like income taxes makes sense.
     
  9. IGIT

    IGIT Black Belt

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    hi and well met, shitpostmodern,

    single payor, which by no means is a "cure all to end all", would have to the first pragmatic step in getting health costs lower without changing the quality of healthcare. certainly the wealthy would be able to purchase all the additional care they wanted to.

    it would seem that the best way to go about this would be to adjust for the cost of living from region to region.

    i'm kind of against things like adjusting for lowering taxes on the wealthy by raising fees for things that everyone uses, like roads or a sales tax.

    this sounds right out of the Clinton playbook. americans rejected going this direction and seem predisposed to protectionist policies.

    - IGIT
     
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  10. ultramanhyata

    ultramanhyata Gold Belt

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    It's certainly coherent. But so was the school of feudalism.
     
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  11. HockeyBjj

    HockeyBjj Putting on the foil

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    Put all people on welfare to work building Trump's wall

    Use all the cuts in welfare and health and refugee programs to pay for the wall
     
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  12. Jack V Savage

    Jack V Savage Secretary of Keepin' It Real/Nicest Guy on Sherdog Platinum Member

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    Pretty much agree completely with kpt. The economy doesn't need "fixing" but we can do more to fight poverty, and we can do a better job of avoiding political fights over recession fixes (ensure aggressive targeting of full employment).

    I'd also favor more gov't-funded R&D and infrastructure improvements. Also, allowing more immigration--especially high-skilled immigration--would help. None of those things would pay immediate dividends (well, infrastructure spending might help or might just cause interest rates to be raised faster), but they'd help longer-term.
     
  13. Stoic1

    Stoic1 Patriot

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    I would end lobbying. I would institute term limits in congress. I would hire people with business experience to assist me in making financial policy decisions.

    That should do it.



    Also I would take my shirt off at the UN, challenge anyone to a fistfight, then tell them have 24 hours to get the fuck out of America. Right after putting a moratorium on all "foreign aid".
     
  14. kpt018

    kpt018 Gold Belt

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    I'm fairly certain I heard the SS for children idea from you first, which I love and I know you've talked about the other stuff as well.
     
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  15. kpt018

    kpt018 Gold Belt

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    It's not that business people can't be great at policy, but I think there is a potential trap there. Remember that the goals of businesses and the government are completely different (for profit vs non-profit government functions). Thinking of certain policy in terms of profitability can lead to bad policy. Again, the right business person is fine. But it doesn't give you special insight IMO especially because businessmen become specialized. Even CEO's get focused on certain industries.
     
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  16. Higus

    Higus Silver Belt

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    Fix the economy? I might need a better working definition of what is actually wrong with it first. Unemployment? Low Wages? Cost of Living?
     
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  17. JonnyRingo84

    JonnyRingo84 Gold Belt

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    wrong place to ask

    youll just hear a lot about the federal reserve and jewish elites innuendo
     
  18. shitpostmodern

    shitpostmodern Yellow Belt

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    Classes ended last week... :(
     
  19. kpt018

    kpt018 Gold Belt

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    Some posters are super sharp in this area, like Jack. But yeah, most posts are partisan bullshit or flat out wrong.
     
  20. j123

    j123 Pro Sherdogger 500-0-1

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    Take all the money from the War room and Heavies, and put it towards the berry, then build a firewall between the subforums so they can't get through
     

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