Economics 101

Also known as ECON101 - A phrase styled after the usual name of an introductory economics module at university or college. It's usually used by libertarians and conservatives to explain away the problems of capitalism, with the implication that their interlocutor "simply doesn't understand basic economics", even though a lot of said basic economics go on to be debunked in Economics 201.

Lib: "The minimum wage was introduced so that every employed person could afford food and rent, but ever since the Reagan administration, wages haven't been following the massive increases in productivity, as well as skyrocketing rent."

Cons: "Bruh, that's dumb - raising wages means people must get fired! Also, rent is increasing because more people want to rent! Supply and demand - it's just Economics 101."

by obnoxious_leftie July 10, 2022

Economy

stonks

The economy is great

by Klojhgfcvbn June 2, 2022

Economacy

an alternate way to word the word economy or economics

me: the only way economacy is used in Nunavut, Canada is by making uranium
besayyyyyyyyyyyyyyyyyy: no

by DaRealLula October 7, 2022

economic suicide

A term that means when a government bans and prohibits a certain product or service from a multibillion dollar company that costs a lot of money in revenue and causes harm to the economy.

The United States committed economic suicide by banning an app that was worth over $1 billion in revenue.

by The Ferocious Whomper December 19, 2022

Econteachophobia

The phobia of economics teachers. When seeing a person who is an economics teacher, one with this phobia will begin to panic and run away due to this fear.

"You're an economics teacher?? IM SCARED OF ECONOMICS TEACHERS, I HAVE ECONTEACHOPHOBIA! AHHHHHHHHHH!"

by erocks1738 January 6, 2023

Economic Uncertainty Principle

Economic uncertainty principle: (noun) The principle stating that it's impossible to predict and measure certain economic variables with complete accuracy, due to the inherent unpredictability and complexity of economic systems.

I can't predict the stock market with certainty, it's the economic uncertainty principle in action

by Phieyl January 16, 2023

Economic Coercion

What Megyn Kelly and Matt Walsh are advocating under the auspices of the bud light boycott. What it does is set a behavioral precedent so that they can control the behavior of their political opposition. They've threatened to do it again. They think they should be able to do what the woke types where doing to them by LITERALLY doing what the Chinese Communist Party is doing to Taiwan.

Hym "Hey, China is ALSO banning beer. They are banning the sale of Taiwanese beer as a form of economic coercion. That's literally what the people who lead the Bud Light boycott are doing! They are using economic coercion intimate companies into 'Refusing to acknowledge Taiwan as a country.' LIKE A FUCKING COMMUNIST! Is that what you're going to do!? YOU COMMUNIST SLUT!"

by Hym Iam August 9, 2023