This Week on Quora
As readers know, I joined Quora last week to answer economics questions and attract some more exposure for the blog. Well, it's been quite a ride since then. Not only has it been way more fun that I thought it was going to be, "[they] liked me, [they] really liked me." I got recognized by the Quora Credit Co-Op as one of a handful of "great new users to follow in March 2012."
"Evan has given some unbelievably intelligent answers on economics. The kicker is that he's still in high school. He says he's not an expert, but he sure sounds like one. Must follow."(Side note: Wikipedia and Quora have spawned highly organized Internet communities with their own voluntary institutions -- at one point, the Internet is going to be a very interesting proxy way to study the patterns of civilizations.)
And so here are the questions I answered this week:
- What impact would it have to an economy if Apple took its cash and just burned it all?
- Is it true that the US money supply has tripled since 2008? Have there been other instances in US history where the money supply has increased this dramatically?
- What are all of the factors that affect gas prices?
- How much pricing power over crude oil does OPEC have in practice?
- What are the early reports on Day 2 of oral arguments at the Supreme Court?
- How can we distinguish sustainable growth from growth that is accompanied by negative externalities in our economic models?
- Is it possible for every business to be profitable?
- Has history ever proven American conservatives right when they have disagreed with the rest of the Western world on a major issue?
- If we didn't have the profit motive, would we still continue to innovate, disrupt and create value?