Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Stocks

The Stock Market is Not Evidence of Trump’s Success

If you ask a Trump supporter to name some of the president’s accomplishments, invariably one of the first responses you get is a booming stock market.

The thing is, a booming stock market is not a good economic indicator. Not in this day and age. Here’s why.

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The Stock Market Crash: What China and the US are Doing Wrong

Stock markets have been stumbling this week. To some degree, this is happening because corrections are needed, but one of the key reasons these corrections are happening right now is China. China’s stock market has been in a tailspin lately, and the Chinese government has taken a series of measures to prop up its stock market, all of which are only succeeding in making the situation much worse. Right wing commentators in the west are pointing at China and claiming that government intervention in the economy doesn’t work. This is a simplistic and reductive response–the problem is not that China is taking action, but that the specific actions that China is taking are the wrong actions.

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Jeremy Corbyn’s Economic Plan is Not Crazy

Over the past week, I’ve been hearing the rumors. They’re saying that Jeremy Corbyn is crazy–that he’s released an economic plan so radical, so incendiary, so madcap that no reasonable person could possibly support him for Labour leader. I thought to myself “Oh no Jeremy, what could you possibly have done to get these folks so riled up?” So I read the plan. It’s not crazy–indeed, there is significant support in the literature and in recent experience for what Corbyn is proposing.

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Inequality Under Obama: Where Did The Money Go?

Today I’m continuing the Polished Politics series on YouTube. Here’s the new video:

If you prefer reading to viewing, the text version follows, complete with links to sources.

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