Any economics geeks out there who can point me to how the government calculates intellectual property now in GDP figures? Is there information on how they calculate the value of a movie versus a TV show versus a book? I've seen some articles that say news shows and newspapers don't count towards the intellectual component of GDP, but is there a thorough explanation anywhere?
Um, hi guys. I know there are some other writers on MeFi (help me PhoBWanKenobi...) and I've seen a few previous questions here about writing fiction and non-fiction, but I think my Ask is specific enough to have merit: [more inside]
How exactly does America stay competitive, anyways? [more inside]
The US states are massively in debt, and public-sector layoffs are causing unemployment to stay high, even while the private sector recovers. The Federal Reserve can create dollars from nothing, and at the moment inflation is apparently a minor concern compared to deflation. What would happen if the Federal Reserve assumed much or all of the debt of the states? They could pay off the debts ex nihilo at a speed of their choosing, while allowing the states to create or save jobs. They could also simply grant money to those states that have relatively little debt. Does anything like this happen, and should it? [Not an economist]
Who paid for the bailout during the Great Depression? [more inside]
Is the credit crunch (and every other economic crisis) an inevitable result of selfish attitudes? [more inside]
I'm having a hard time understanding just what is happening to the US economy and why. I'm completely in the dark, I'm not familiar with the terminology, and I'm afraid. [more inside]