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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    A New Drachma?

    Jun 23, 11 • 398 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not......  [read more]

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    A Social Security Collision

    Jun 20, 11 • 419 Views • No Comments

    Ask a 56-year old and a 26-year old about Social Security and you will probably get very different answers.  In the NY Times, an unemployed 56 year old woman said: “My investments took a bath, then being out of work for a few years–I’m......  [read more]

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    Preschool Education Matters

    Jun 19, 11 • 360 Views • No Comments

    Did you have to care for a hamster in your preschool class? Line-up? Clean up? Share? According to this NPR Planet Money podcast preschool probably provides irreplaceable job training.  Taking place during a developmental window that does not reappear,......  [read more]

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    Euro-Zone Rates

    Jun 17, 11 • 401 Views • No Comments

    Please match each of the following countries with its unemployment rate and borrowing rate: Countries: Germany, Greece, Ireland; and the U.S. and the U.K. Unemployment rates: 9.1%, 7.7%, 7%, 15.9%, 14.8% 2-year bond rates: .5%, 4.5%, 1.75%, 29.69%, 12.95% The......  [read more]

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    Happy 100th Birthday IBM!

    Jun 16, 11 • 506 Views • No Comments

    Imagine the challenge of implementing the first Social Security system in 1937. 27 million employees and their employers had to be taxed. The basic idea was to collect the money and then redistribute it to current retirees. So everyone got an ID number.......  [read more]