r/Economics Discussion Thread - 10 August 2018 Economics

r/Economics Discussion Thread - 10 August 2018
Call for New Bureau Members and Quality Contributor Flairs
Turkish lira drops 14%, hits fresh record low after Trump authorizes doubling metals tariffs on Turkey
Wages in the U.S. fell over the past year despite an ongoing economic boom, according to data released by the Bureau of Labor Statistics
Analysis | In America, wage growth is getting wiped out entirely by inflation
China has $410 billion saved up - more than the annual economic output of Norway
When does an economist recognize inflation?
Japan dodges a recession, but it's not in the clear yet
Interview with Turkish President Erdogan where he outlines his views on monetary policy.
Rising U.S. Consumer Prices Are Eroding Wage Gains
How a currency meltdown in Turkey threatens Europe
Everyday Economics: A Discussion with Professor Charity-Joy Acchiardo
U.S. Oil Vanishing From Chinese Tariffs Reveals America's Clout
Fed Mines Big Data for Real-Time Clues on Spending and Payrolls
Why do bosses pay new hires better than loyal staffers?
Bruegel: Integrity of official statistics under threat
Visualizing Turkey's economic crisis in 12 charts (non-paywalled link in comments)
Economics and Philosophy in Soylent Green
Healthcare M&A Leads to 90% of Markets Being Highly Consolidated
U.S. inflation steadily firming; labor market strong
US-China tariff war to slow down global trade growth in Q3 of CY18: WTO
Weekly Initial Unemployment Claims decreased to 213,000
Turkish Crisis Rattles Currency Markets
is it possible to have a liquidity crisis during hyperinflation?

r/Economics Discussion Thread - 10 August 2018

Posted: 10 Aug 2018 11:09 AM PDT

Welcome to the Economics Discussion Thread! This is a place for high-quality economics discussion.

submitted by /u/AutoModerator
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Call for New Bureau Members and Quality Contributor Flairs

Posted: 04 Aug 2018 10:58 AM PDT

The /r/economics mod team is opening Bureau Member flair for applications, and also introducing the new flair category "Quality Contributor"

Applying for Bureau Member status:

Bureau Members are users who consistently show graduate-level understanding of economics. We are looking for users who consistently show technical mastery of the subject matter and produce very high quality comments. While there is not a strict definition of acceptable credentials for the flair, we are setting the bar high (at the moment, we have roughly 40 Bureau Members for our 430K users). We are looking for people who are able to demonstrate a knowledge level that's somewhat equivalent to someone with a Master's degree in economics. That could mean a PhD student, a BA who has worked as a research analyst, or just someone who has made a heavy study of the field on their own.

If you are interested in Bureau Member flair, please submit to this thread 3-5 comments you've made that demonstrate a deep and broad understanding of economics and economic principles. These can be comments made in r/economics, or other relevant subreddits (such as /r/asksocialscience , /r/badeconomics, /r/askeconomics, etc.). You should also submit a 1-2 sentence primer on your economics background, so the mod team can contextualize these comments. We'll discuss applications in modmail, review user profiles, and will try our best to respond to all the applications.

For reference to see what past applications and discussions looked like, here's a link to the expired flair thread.

Applying for Quality Contributor status:

Quality Contributor flair is intended for users who produce high quality comments and are overall positive contributors to the community, but do not have quite as deep or technical a background as the Bureau Member flair requires. This flair is intended for users with roughly an undergraduate degree in economics - although it's less important that you actually have a degree, and more important that your comment history shows that level of understanding.

Quality Contributor flair applications will be judged by two principles - strong level of economics understanding, and adherence to the rules/positive involvement. As this flair is literally a signal for quality, the modteam expects both an understanding of economics and constructive participation in the community and in reddit at large. Users who frequently post in non-constructive ways (flame wars, in hate subreddits, insults, etc) will not qualify for QC flair.

If you are interested in Quality Contributor flair, please submit to this thread 3-5 comments you've made that demonstrate an understanding of economics and economic principles. These can be comments made in r/economics, or other relevant subreddits (such as /r/asksocialscience , /r/badeconomics, /r/askeconomics, etc.). You should also submit a 1-2 sentence primer on your economics background, so the mod team can contextualize these comments. We'll discuss applications in modmail, review user profiles, and will try our best to respond to all the applications.

Other Notes

Users with Quality Contributor flair in /r/AskEconomics will be granted the same flair in /r/economics should they request it (and vice versa).
All flairs decisions are managed at the mod team's discretion.

submitted by /u/Ponderay
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Turkish lira drops 14%, hits fresh record low after Trump authorizes doubling metals tariffs on Turkey

Posted: 10 Aug 2018 06:38 AM PDT

submitted by /u/malicious_turtle
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Wages in the U.S. fell over the past year despite an ongoing economic boom, according to data released by the Bureau of Labor Statistics

Posted: 10 Aug 2018 03:56 PM PDT

submitted by /u/DoremusJessup
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Analysis | In America, wage growth is getting wiped out entirely by inflation

Posted: 10 Aug 2018 08:08 AM PDT

submitted by /u/lovely_sombrero
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China has $410 billion saved up - more than the annual economic output of Norway

Posted: 10 Aug 2018 12:58 PM PDT