What's your Economic Pet Peeve?

[AlexMerced]

What economic fallacy or talking point annoys you to no end?

 

[Jtorsella]

Protectionism. Really pisses me off.

 

[The Goat]

Theirs not enough gold to support the gold standard.

 

[BuddyRey]

Politicians and their constituents screeching about which one among them will "create more jobs."

 

[Steven Douglas]

The supply of money must be controlled for the sake of badly needed elasticity, liquidity, and price stability.

Otherwise, wages will get too sticky, and our birds' heads will fall off.

 

[specsaregood]

Theirs not enough gold to support the gold standard.

There's. sorry, had to go there. its a pet peeves thread.

 

[CJLauderdale4]

"At this time, I just don't think we can afford another tax cut."

- Ignorant Politician

That money isn't yours to "afford" you a$$! It was mine in the first place. No one ever looks at the IRS agent and says, "I just don't think I can afford another tax hike!"...even though they think it everyday of their lives!

 

[Shane Harris]

unfettered free market capitalism caused the great depression, and government/war got us out of the great depression

 

[schiffheadbaby]

the belief that quantitative easing is good for america

 

[Steven Douglas]

Mainstream: Inflation is a rise in the general level of prices.

Common: Spiraling inflation is caused by greed, as seen by too many people raising their prices, until everyone has to raise them just to keep up.

 

[mojobo]

I had a teacher once say that she wanted to make some improvements done so that she could "help the economy". The whole concept of people blowing all their money instead of saving and investing it kinda irks me since it makes absolutely no sense. I had one teacher who seemed to love the fact that I was an economics major and asked me my opinions of the economy with the same line of thinking of spending drives the economy and I explained to her that the economy is made better through supply not demand and that the way she contributes to our economy is by teaching students a skill that they can then go out and use to benefit society. It was nice because about 90% of the teachers are extremely liberal and not open to any ideas that do not fall in line with that, and even though she was pretty liberal was open to new ideas.

I also had to sit through a few Karl Marx lectures for classes completely unrelated to economics. That was a bit of a pet peeve since it was being pushed as correct and not really up for discussion.

 

[Cutlerzzz]

The Broken Window Fallacy.

 

[Travlyr]

"Elastic" money.

 

[noxagol]

The entire keynesian argument really. It all angers me greatly.

 

[low preference guy]

its a pet peeves thread.

it's?

 

[low preference guy]

guy in the video has nice hair

 

[Dsylexic]

unfettered free market capitalism caused the great depression, and government/war got us out of the great depression

Unfettered free capitalism caused the 2008 crisis.thats what worthies like Stiglitz are propounding.

 

[low preference guy]

if the government doesn't do something, it wouldn't be done at all!

AHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!

 

[Dsylexic]

here is one couched in a guilty conscience " high school teachers should be paid more than wall st traders".but when i suggested him to choose a school (for his son) which paid its teachers extremely well,he was cagey .while i dont like wall st traders,they would have got their just deserts(sp?) if there had been no bailout

 

[RyanRSheets]

"Government can't cause growth."

It's a poorly considered phrase. Saying government can't cause growth is just like saying a murderer can't cause a job promotion. Government can absolutely cause short-term growth, and maybe even direct long term growth. It is usually bad at it, it can only do so by robbery and growth should not be the only consideration in economics. Anyone with the ability to print money can cause short term growth, by activating latent demand: most people will work harder for extra compensation.