Can monopolies be either inherently good or bad for the market?
Quote from: DAS B00T x2 on January 07, 2015, 10:49:58 AMCan monopolies be either inherently good or bad for the market?Nothing is inherently good or bad. If a monopoly were to keep prices at as low levels as possible, then I suppose that would be good since they're disallowing competition through a legitimate practice. There's just no guarantee that they'll do or continue to do that.
Quote from: Meta Cognition on January 07, 2015, 10:55:04 AMQuote from: DAS B00T x2 on January 07, 2015, 10:49:58 AMCan monopolies be either inherently good or bad for the market?Nothing is inherently good or bad. If a monopoly were to keep prices at as low levels as possible, then I suppose that would be good since they're disallowing competition through a legitimate practice. There's just no guarantee that they'll do or continue to do that.Is such a scenario likely to occur in an unrestricted market though?
Is this an acceptable understanding of the Federal Reserve? The Fed prints money in order for private banks to loan and make investments.
I also have a couple other questions: if the Fed merely loans out the money, doesn't that mean they eventually get all that money back? And if they do, what exactly do they do with all that wealth?
Isn't the Fed technically redistributing wealth as they print money? They decrease the value of the dollar but print more of them for themselves to own.
Does the economy need inflation for the whole system to work? Or is inflation just nice to have?
What are the pros and cons of having a gold-backed currency and why do you support not having a gold standard?
Why is the EU economy doing so bad?
What are the biggest threats to economic growth?
cus countries like greece, italy, and romania
Quote from: Meta Cognition on January 07, 2015, 03:29:09 PMQuote from: Kinder Graham on January 07, 2015, 03:23:16 PMcus countries like greece, italy, and romaniaYeah. . . No. It's the European Central Bank's fault.Isn't it true that having smaller countries added in weakens the Euro? Or at least weakens the EU economy?
Quote from: Kinder Graham on January 07, 2015, 03:23:16 PMcus countries like greece, italy, and romaniaYeah. . . No. It's the European Central Bank's fault.