Viewing profile — andygoo

Fair as long as demand is as elastic as it used to be. Like if everyone has a phone now it will be harder to sell new phones. And good for pointing out a critical assumption behind…

Why government spending is neccesarily wasteful? I would say consumption of financial services part of GDP which is massive in us is less relevant to layman that vital services gov…

Did you mean that China can just decrease domestic price and sell the goods to domestic consumers?

If they are more elastic it means that demand is more responsive to price hikes. This is opposite to your conclusion

Studying economics for some time, I think economists often ask wrong questions. So let's say trade war occurs, and china will lose some of its exports. The main question is not whe…