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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    Pasty Tax Issues

    Apr 3, 12 • 456 Views • No Comments

    The UK’s pasty (PASS-tee) tax battle is a good story. But, moving beyond the humor, it has considerable significance. First the story: Taxing the pasty has created a major flap in the UK. The pasty looks like meat in a pastry pouch, high in fat, maybe......  [read more]

  • The Congress and the Deficit

    A New Kind of Keynesian?

    Apr 2, 12 • 620 Views • No Comments

    Reading about John Maynard Keynes’s investing acumen in last Saturday’s Wall Street Journal, I wondered whether being a Keynesian could involve more than your attitude about the role of government. So, as a teacher, I created this “Am I a......  [read more]

  • Our Transportation Infrastructure is Crumbling

    A Low (Safety) Grade For a New Jersey Roadway

    Mar 31, 12 • 524 Views • No Comments

    I have to admit that the Pulaski Skyway terrifies me. Driving across it, I always remember the Minneapolis bridge that collapsed during rush hour in 2007. The Pulaski Skyway is an 80-year-old rickety looking structure. A sister to the Minneapolis bridge, the......  [read more]

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    Supreme Court Laughter

    Mar 30, 12 • 413 Views • No Comments

    Using transcripts that say (Laughter) when some levity enters the proceedings, one legal scholar has concluded that the Supreme Court averaged 1.027 laughs per oral argument. The funniest justice is Anton Scalia who holds the record with a total of 77......  [read more]

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    Laundering Zimbabwean money

    Mar 29, 12 • 591 Views • No Comments

    In Zimbabwe, people are laundering money. Literally. When their U.S. dollars look too gray and faded, Zimbabweans wash and dry them. In this Wall Street Journal photo, dollar bills, shirts and sheets are suspended with clothes pins along a line. Why? First......  [read more]