Governments’ spending, taxing and borrowing, fiscal policy has a direct impact on economic activity and growth. Looking at the past and present, econlife focuses on the role of government through fiscal policy.

  • Everyday economics and U.S. GDP

    How Wealthy is Your Nation?

    Jul 5, 12 • 540 Views • No Comments

    When someone asks about your wealth, don’t you consider more than your income? A new UN report explains where countries might do the same thing. The report suggests that we focus more on a country’s land and capital assets. By land, they mean......  [read more]

  • Economic Independence Day

    Jul 4, 12 • 503 Views • No Comments

    Alexander Hamilton must have been worried. In 1790, as Secretary of the Treasury, a troubled economy had become his responsibility. He had a huge federal debt to fund, a banking sector that was distressed, and an economy to stimulate. Sound familiar? Hamilton......  [read more]

  • Fruit cranberries drink

    New Soda War Battles

    Jul 3, 12 • 522 Views • No Comments

    “It’s worth fighting for. . . . This is about our economy, it’s about jobs, it’s also about our traditions and our values.” The speaker was John Kerrey and the topic was the cranberry. Worried that sugary beverage limitations could move far beyond......  [read more]

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Are You a Follower?

    Jul 2, 12 • 721 Views • No Comments

    This sign in Arizona’s Petrified Forest was having little impact: “Your heritage is being vandalized every day by theft losses of petrified wood of 14 tons a year, mostly a small piece at a time.” However, after some sign experimentation,......  [read more]

  • The Price of a Life

    Jun 29, 12 • 495 Views • No Comments

    I get concerned when people say we may need to start rationing health care. Like most goods and services, because there is a limited supply of health care, we have always rationed it. In some way, we had to decide who would get more and who would get less.......  [read more]