Government

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.

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    Government Matters

    Aug 4, 11 • 352 Views • No Comments

    Which do you prefer, “free” or “fair?” We have free speech, a free press, freedom of religion. The Declaration of Independence, the Constitution and the Bill of Rights refer to “free” but never “fair.”......  [read more]

  • Human capital helps GDP Grow

    GDP Solutions

    Aug 2, 11 • 414 Views • No Comments

    It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in the past. With......  [read more]

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    An Excellent Budget Plan

    Jul 29, 11 • 382 Views • No Comments

    A debt reduction suggestion. Let’s use what the President’s budget commission suggests. Proposing legislation that will mandate restraint and discourage political opportunism, they are bipartisan. And, they get people on the right and the left......  [read more]

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    The Power of the Market: Part 2

    Jul 28, 11 • 311 Views • No Comments

    World oil demand has hit a new high. But not from everyone. Called the “New World” and “Old World” by economist Ed Yardeni, you can see through his graphs, the divide in world oil demand. China, India, Brazil and other emerging......  [read more]

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    The Power of the Market: Part 1

    Jul 27, 11 • 469 Views • No Comments

    Maybe the market is more powerful than the Congress. First, some history… Hoping that farmers would earn a living wage, in 1933, the U.S. government decided to subsidize crop prices. The goal was “parity,” a level of purchasing power that......  [read more]