Attached: gdp_per_capita.png (1512x782, 145K)
Explain this eurofags
Leo Thomas
Luke Taylor
Landon Wood
no honestly wtf is up with european economy over the last few years?
Grayson Lee
Europe's financial crisis isn't over. Also, after 2008 the continent pursued a policy of austerity failing to understand what a depression actually is. Instead of stoking demand among their consumers, Europe chose to restrict their monetary and fiscal policies. The result has been 20%+ unemployment in southern Europe and a decade of lost potential.
Henry Campbell
gdp per capita is an ok metric but not great because gdp is not divided equally. most of it is concentrated at the top
the chart i posted is probably the best possible metric. median after tax income in USD PPP
Bentley Nelson
Its crazy how 2008 effected them so much more than us
its not a better metric for judging the strength of the economy though. its a metric to judge overall that can be used to judge standard of living i would say
Ethan Hall
its interesting at how the gdp for the european nations fluctuates alot and ours is essentially steadily increasing
Justin Peterson
Turns out creating an economic safe space only protects those whom control it or can find ways to trade beyond it's limits.
Austin Ross
The crisis in the EU was much worse
Liam Martin
The European central banking system is fucked up and complicated beyond belief which severely limits their monetary options for stimulus. And most national governments post-2008 were right of center or weak willed lefty socialists who were ideologically inflexible or politically inept. Also, it wasn't the crisis, as bad as it was, so much as the response to the crisis that is still fucking them over a decade later.
Xavier Howard
All economic models and theory that used to work no longer do. The central banking system has outmanaged itself. They have no idea what they are doing now. Just guessing.
Levi Reyes
Everything in the EU is complicated and full of buerocratic hurdles. Simply because it is an organization of many nation's all with special intrists. The USA is able to cut the bullshit because the federal government can make the states do what it wants.
Adam Howard
Odd thing to say when the US central bank is more active in controlling the economy than the European one
Wyatt Powell
>explain this eurofags
ofcourse a mutt would help to understand a simple graph
Jaxon Brown
>All economic models and theory that used to work no longer do
To an extent that's true. We're dealing with globalization, automation, and demographic trends which are beginning to severely strain the old economic theories.
Exactly. Our institutions are much more simple to manage and oversee than Europe's. In 2008 Bernanke and Paulson sat in room, made a plan, and the most difficult part was having congress pass it. With the European central bank there are so many hurdles to jump through that it's one facet of a terrible disfunctional monetary and fiscal system.
Jason Miller
Income after tax means literally nothing. Purchasing power is more important.
Jackson Ortiz
>pay 40% of your taxes to niggers to rape your women and destroy your heritage
I can't even begin to imagine how much that hurts.
Elijah Mitchell
>Income after tax means literally nothing
imagine being this fucking retarded
>Purchasing power is more important.
that is in PPP u dumb fuck
Xavier Stewart
Those mountain niggers are stealing all the money
Jaxson Nelson
>tfw
Hudson Hill
just looked at the chart again ausbro
im familiar with Supers but u guys have no social security taxes?
Nathaniel Sullivan
niggers moved in and it was all down hill from there
FUGGIN KEK
Jason Myers
>What is cost of living
Connor Perry
We pay all that shit in our car registrations, power, water, rates bills, mobile phone bills, on the food we buy. Our government has about 10 taxes currently on our fuel that total about 50c/L extra on the price.
It's all just hidden
Brody Cruz
And your debt is 300% of that GDP, so yeah, you can go suck your wifes boyfriend black dick.
Ethan Rivera
lol
Adam Clark
What about the extreme VAT taxes in europe?
Chase Lopez
what about the extreme healthcare costs in burgerland?
Ryder Davis
>what is PPP
Josiah Sanchez
We have something called insurance.
Benjamin Barnes
lol
Joseph Taylor
that u pay for
Colton Nelson
While you have free health care.
... that you pay for.