You are correct, some know what they are talking about. But there are also many people who think that being a smart person in one field makes them a smart person in every field. It is disrespectful, it implies that they think their field is easier than yours and it must not be that hard to figure out. It is also very easy to spot.
I did not mean to imply that everyone is one-dimensional, I personally have professional experience in the finance and software industries and have respect for the people in them. But when some finance expert suddenly becomes an opinionated epidemiologist I call bullshit (a random example that has happened far too often the past few years).
An issue with using fiscal policy this way is that many of the things that are worth spending money on aren't easily movable levers, they are long term projects.
If inflation is accelerating and we need to cut spending to fix things it may be difficult or inefficient to cut the budget of a 10 year infrastructure project. If we need to spend more one year, do we just flood the healthcare system or military with money temporarily?
Changing tax policy frequently creates uncertainty for people investing in long term projects, which increases risk and cost associated with funding them.
I like that there is an academic debate going on about MMT, but there are practical challenges in implementing it. While far from perfect, the current monetary policy approach is easier to implement and change, while outsourcing capital allocation decisions to the banking system.
These are good questions to be asking, and they are all theoretical possibilities. Some people see this as an opportunity for improvement, others find it deeply concerning. Central banks do not necessarily need to abide by the old definition of money.
Columbus metro area is roughly the same size as Cleveland metro area so I don't think that is the reason.
However, it could still have a talent advantage. Having OSU nearby is helpful, and maybe it is easier to attract talent to move to a city with a big university.
You make some fair points about money and mistrust but the parent's argument is not unfair. You mention that you "became a Swede" by adopting Sweden's values. America doesn't have one unified set of values due to being so big. Sweden is smaller than Ohio by population. Ohioans generally share some values, but they are quite different than people in Massachusetts or Mississippi. America is closer to the EU's scale, and the EU has plenty of idealogical differences between member states. Do the Greeks trust that the Germans are looking out for their best interests?
This is interesting timing given what has been happening related to Evergrande. It is possible that the government is worried about money being moved out of the country, and cryptocurrency is one way of doing that.
Important to note that that is the weight before cooking, a frozen patty will lose a lot of water weight in the cooking process, so what you end up getting is not a full 6oz.
Afghanistan and Korea are vastly different scenarios, perhaps the main difference is the situation the US put themselves in rather than a change of core values.
Being stuck working at Google or Facebook is a bit different than being stuck in a concentration camp from the perspective of consent don't you think?
I'm not belittling the discussion that our society must have about what can or can't be mandated by an employer. However, I doubt the above quote was created in the context of high paying tech jobs, they were focused on the forced experimentation that occurred in WW2.
It is important to point out that the Americans concerned about Russian hacking are often not the same Americans concerned with protecting free speech.
Long simply means taking a position that would benefit if the stock/currency/commodity/bond/etc goes up in value. Similarly, being short generally means the opposite (although in specific situations it can mean selling something you do not own, like a stock, with the intention of buying it back later for a lower price). The terminology isn't limited to stocks, investors talk about being long currencies all the time.
We ran a huge deficit this year supporting the economy during covid. We are also seeing a spike in short term inflation and a weaker dollar. Treasury bond yields remain low but there is increasing speculation that decades of low rates could soon reverse.
Also are you attributing all value generated by Bezos's or Musk's companies to only them? What about all of the great people they employ?
When battleships and tanks are the weapon, manufacturing capacity powers the war machine. Perhaps drones usher in a new dynamic in that regard too. Maybe it's not how many drones you produce but how well programmed they are, what sensor or communication technology they use, etc.
We don't treat them the same, and we shouldn't treat them the same.
Having a multi layered tax policy is complicated and has proved difficult to enforce. Multinational corporations have shown time after time that they are able to get around the first layer of taxation (corporate tax), so why not just eliminate it and put more of the burden on the second layer (income, capital gains, sales tax, etc).
The general idea is not to raise or lower net taxes, in this particular instance we could keep net taxes the same while allowing for less corporate avoidance and more targeted tax collection.
Companies like Amazon historically have minimized their profit to grow revenue, assets and shareholder value. They barely pay corporate tax while profitable small businesses will pay corporate tax plus the second layer.
"It’s a shame that Biden had to back down from the initial 28% because of domestic opposition."
You are misrepresenting the situation. A 28% global minimum was never on the table. 28% was Biden's proposed domestic rate (which to your point, he is backing down from). But these are two separate rates so we should be clear what we are discussing here.
I did not mean to imply that everyone is one-dimensional, I personally have professional experience in the finance and software industries and have respect for the people in them. But when some finance expert suddenly becomes an opinionated epidemiologist I call bullshit (a random example that has happened far too often the past few years).