2/13 Is it theoretically possible at all to achieve zero inflation and zero
unemployment at the same time in a non-communist economy?
\_ why don't you go stand in that circle in sproul with a friend and
you can start a company together trading goods back and forth
using a curency that you set that never changes. you are both
employed, and there is no inflation. don't be communist
and you're all set. moron.
\_ You call that an economy, moron? I'm just asking a question on
theory of economics stemmed from fading memory from ECON 100B.
I'm not trying to promote communism or anything.
\_ why not? I was trying to make the point that dealing with
totally hypothetical and abstract ideas in economics is
pointless. I realize lot's of shucksters and math grad
school dropouts make a living off of this, but its still
a fucking waste of time.
\_ Uh no. Unemployment reflects some of those who are of working
age who do not want to or are not capable of working. It will
never be 0 unless you force all the housewifes, househusbands,
and cripples to work.
\_ Nah, unemployment only includes those who want to find work,
but is so far unable to find one which he or she is willing
to take.
\_ who wants zero unemployment? isn't the goal zero forced employment?
most of us have to work, but don't want to. there are also non-
competitive currency models to consider. read http://transaction.net.
\_ uhh, you do know that generally unemployment numbers do not count
people who are not interested in working. They are supposed to
reflect the percentage of people who are looking for jobs but
don't have one. Otherwise the numbers would be a hell of a lot i
higher.
\_ really? I did not know that. So in most european countries
~ 10 - 12% of the people who want to find work can't?
Damn. It must suck to live there.
\_ yeah but they get generous welfare so they probably don't
\_ not in human economy. but probably true in the animal world.
\_ nice try, but I would say that > 99.9% of animals (humans
excluded) are unemployed.
look that hard.
\_ Unemployment is calculated differently in
some european countries -- they consider part-time
workers as un-employed.
\_ agreed; unemployment numbers count only those interested
in working. but the motivation behind the question is that
most people are interested in working. this isn't true;
most people don't want to do the work they're doing.
\_ The statistics that I don't understand is "personal savings
rate". It is defined as the percentage of "disposable income"
saved, but what exactly is "disposable income"? Does that
include 401k, etc.? I was wondering because the country has
been having a negative personal savings rate recently.
\_ disposable income = income minus primary needs (food,
shelter) |
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