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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    State Finance

    Dec 6, 10 • 281 Views • No Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon...  [read more]

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    Who Do We Owe?

    Dec 4, 10 • 261 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? China? No. It is the U.S. government. Why? Please think about extra money the government might collect for Social Security. What does it do with those funds? Retaining cash would mean no return...  [read more]

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    Innovation and Regulation

    Dec 2, 10 • 240 Views • No Comments

    Is more innovation the opportunity cost of more regulation? If so, which do you prefer? To see one person’s opinion, I recommend a recent Washington Post op-ed, “Strangling innovation and job creation with red tape.” The Washington Post...  [read more]

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    Virginia and Germany

    Dec 1, 10 • 200 Views • No Comments

    “Where…is the justice of compelling a State which has taxed her citizens for the sinking of her debt, to pay…the debts of other states, which have made no exertions whatever?” This quote, from John Steele Gordon’s,...  [read more]

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    Dietary Incentives

    Nov 27, 10 • 286 Views • No Comments

    Which would you choose? 2000 calories from 10 donuts that would cost you $5? or… 2000 calories from Greek yogurt, organic raspberries, a turkey avocado wrap, Alaskan King Salmon, green beans, a whole wheat roll, strawberries and heavy cream for $25.86?...  [read more]