Profile overview for EconDoesReal.
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3 highest rated comments:

The "Robin Hood" CEO Who Famously Raised His Employees' Minimum Wage To $70,000 Has A Dirty Secret | Zero Hedge submitted by kona_mocha to news

EconDoesReal 1 points 12 points (+13|-1) ago

TL;DR: He was sued by his brother for paying himself an exorbitant amount ($1.1M), then announced he was paying all his employees $70k (and reducing his own salary) to make himself look good. He was served the lawsuit docs a month prior to his "feel-good" announcement. He's a fraud.

edit: the original story

What is the worst city in the world? submitted by Shaden to AskVoat

EconDoesReal 0 points 4 points (+4|-0) ago

I mean, I anticipated SF showing up, but it wouldn't even count in the bottom 100.

Lots of things suck about SF, the homeless, the cost, the SJWs, the aloof entitled wannabe wine aficionados. I dislike SF too, but it's most definitely not the worst city in the world. Oakland? Stockton? Detroit? Objectively worse, even without the cucks.

Cool... submitted by Some_Guy_from_RI to gifs

EconDoesReal 0 points 4 points (+4|-0) ago

Second time I've seen something like this in the last few days. I guess it's trendy. This one is from the beach.

3 lowest rated comments:

"Liberals are always for it, as long as someone else has to do it." submitted by 1000words to funny

EconDoesReal 0 points 0 points (+0|-0) ago

This Xi, thinks there's a solid rationale for education = more intelligence, and unsurprisingly, liberal correlation. Then proceeds to makes economic rationale for wealth distribution based on labor theory of value, a pretty fucking stupid, and long discredited concept.

If you made mud pies all day, until your hands were raw, did you not work hard? Of course you did, and your mud pies are still worth jack shit. Extensive labor does not produce value. Most people, outside the comfy confines of Marxist/Communist utopias learn this when they're five years old.

You advocate for equal work = equal pay based on the above flawed premise, something that can only be enforced by authoritarian government price controls, and then claim Liberals don't want authoritarian governments. You're a hypocrite, full of cognitive dissonance and not even close to a liberal. You're a Marxist.

Hungry Venezuelans Hunt Dogs, Cats, Pigeons as Food Runs Out submitted by FrogMantra to news

EconDoesReal 0 points 1 points (+1|-0) ago

Most commodity-dependent currencies have been killed over the last year and a half. Mexico, Colombia, Brazil, Russia: all their currencies have gotten killed, irrespective of sanctions. They are hungry because price controls set an artificially low price for a good, and overconsumption occurs. This is literally econ 101.

Prices are increasing drastically because oil prices have crashed, and the Venezuelan government is disproportionally dependent on its state-run oil company to finance government operations. They have chosen to print money, causing massive inflation to make up for the oil revenue short-fall. This is not ideology vs. sanctions. The ideology of state-controlled pricing has a history that is littered with examples of starvation and poverty. To not know this history, while pompously asking how old you are, is highly, highly ironic.

Two years ago at the G-20 submitted by Wolfspider to politics

EconDoesReal 0 points 1 points (+1|-0) ago

I wouldn't cite foreign policy. Their interpretation was, "probably not", then they note a person who wasn't given a press pass by their correspondence committee (MSM). The person they cite, is Jeff Gannon, covered in this voat pizzagate/CIA pedo project here

They're trying to create the appearance of a rule that doesn't exist, and as others noted, MSM is controlled by the CIA. Foreign Policy in particular, is owned/operated by the Washington Post, which is effectively CIA propaganda headquarters. The CEO/Editor of Foreign Policy is David Rothkopf, former associate of Henry Kissinger, and member of the Council on Foreign Relations, ie: deep state central. To the extent their press pass hasn't been pulled: it seems Trump is trying to thread a needle with the existing deep state (and its owned/operated MSM) and making populist changes.