Economics Debates

 
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Should Minimum Wage be reduced to the 1964 rate of $1 an hour in the US

drewsaphor
TruthHurts

The Minimum Wage should be reduced to $1 an hour in the US Reasons: 1. Prices for goods will reduce to reflect the reduction in labor costs. 2. The US Dollar will become stronger, because it will be able to buy more goods....

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22 Comments
Updated 1 Month Ago

Raising the federal minimum wage would not be economically beneficial

JaredPeta
JohnMaynardKeynes

Resolved: Raising the federal minimum wage would not be economically beneficial Shared burden of proof....

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0 Comments
Updated 1 Month Ago

Carreers

elizabeth2468
Thirstforknowledge

why do footballers get more money than doctor when doctors save your life and footballers just kick a ball about. If you were about to die you would call a doctor to save your life. footballers are just entrainment doctors actual save people's life everyday. the world can survive without football but we can't survive without a doctor. Doctor do so much but earn so little compared to a football. per year foottball can earn from "3,000,000,-"5,000,000 doctors are only getting 406,154 this i...

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2 Comments
Updated 1 Month Ago

China's economy is bound to collapse.

Nuvemurbem
OracleOfReason

Reasons for my belief in a Chinese economic collapse1. I believe that China's economy is going to eventually collapse for multiple reasons, one of those being their overproduction. China's economy has grown tremendously in the past few years and this appears to make it seem it will continue its prosperous progress, but they are growing too fast to regulate. This issue is most apparent with China's real-estate market, which makes up 15% of China's gross domestic...

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6 Comments
Updated 1 Month Ago

In the long run, Keynesian economic policies have proven to be ineffective

Dimensions
FuzzyCatPotato

The first round is for acceptance, and arguments must have evidence to substantiate them. Also, some definitions to clear up any confusion: Long-run: The period of time in which all prices, especially wages, are flexible, and have achieved their equilibrium levels. Keynesian: Acting along the lines of the Keynesian school of economic thought, which is based upon the work of British economist John Maynard Keynes. Keynesian economics follows demand-side theory, and focuses on influencing agg...

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7 Comments
Updated 1 Month Ago

Capitalism is the best system to produce the best results

ProfessorLiberty
Quantumhead

This debate will have a free style. The only requirment is that any and all questions directed towards a contendor be answered. I shall begin with opening remarks and a brief history. From the start of recorded human history, most people lived in what we would consider pretty terrible standards. However, something happened in the 1700s. We had an industrial revolution and living standards increased, and since then living conditions have increased dramaticlly. So, why was that? One common myth...

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11 Comments
Updated 1 Month Ago

The global economy no longer needs or benefits from Central Banks

Francisco_DAnconia
wrichcirw

Central banks around the world have taken unprecedented actions since the Financial Crisis in 2008. Ostensibly, these actions were necessary to prevent economic calamity and to preserve overall wellbeing. In the six years since the Financial Crisis, central banks around the world have continued to pursue, by historical standards, extraordinarily accommodative monetary policy in order to restore national economies to more robust growth, consistent inflation and full employment. Pro puts forwa...

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2 Comments
Updated 1 Month Ago

Socialism does NOT work (a devil's advocate debate)

zommunist
ChosenWolff

I am challenging ChosenWolff to a debate, in which (I am a socialist) I shall assume the devil's advocate role and argue that socialism does NOT work, whereas my opponent will be arguing that it can. More specifically, I am arguing against what one might call state socialism (what most people think socialism is).The definition of socialism is: ' a political and economic theory of social organization which advocate...

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12 Comments
Updated 1 Month Ago

Governments should deficit spend in a recesion

twocupcakes
Mercury3

I am arguing that increased government expenditure is good in a recession and governments should deficit spend. 1st round acceptance....

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1 Comments
Updated 1 Month Ago

Anarcho-capitalism isn't anarchist pt.2

Chimera
Subutai

Because of full forfeit from my previous opponent, I have decided to make a second attempt at this debate.I have made it impossible to accept, so if you're interested then leave a comment saying such.Introduction:This debate will be centered around the idea that 'anarcho'-capitalism can't seriously call itself an anarch...

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8 Comments
Updated 1 Month Ago