In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

  • 16492_6.16_000006078784XSmall

    Debt Ceiling 101

    Jul 15, 11 • 524 Views • No Comments

    During the month of August, if the U.S. hits its debt ceiling of $14.3 trillion and the Congress says, “No, you cannot borrow anymore,” then what will happen? During August, the U.S. will have $172B (billion) in federal revenues and $307B in......  [read more]

  • 16488_7.13_000015561148XSmall

    Unaffordable Sports Stadiums

    Jul 13, 11 • 598 Views • No Comments

    The year is 1996. The place is Hamilton County, Ohio. You are standing in a voting booth deciding whether to approve a .5% sales tax increase to help build and maintain 2 new sports stadiums. Although the spending will exceed $500 million, you have been......  [read more]

  • 16486_7.12_000014562280XSmall

    Productivity: Working Weekends

    Jul 12, 11 • 406 Views • No Comments

    Israel has to decide when to have a weekend. The Israeli Sabbath, Friday sunset through Saturday sunset will be a part of it. The second day? Sunday and Friday are possibilities. Knowing that productivity is a major consideration, Israel’s prime......  [read more]

  • 16482_7.10_000016003457XSmall

    Calorie Matters

    Jul 10, 11 • 507 Views • No Comments

    Learning that a Big Mac has 540 calories and a large fries, 500, will people select a salad? According to the Washington Post, “No.” We do not have the will power to avoid long term cost when faced with short term benefit. This takes us to the......  [read more]

  • 16478_8.6_000011537286XSmall

    Understanding the Jobs Report

    Jul 9, 11 • 551 Views • No Comments

    Hearing yesterday’s jobs report, most people said, “No good news.” Lower wages, almost no hiring, less time on the job and 9.2% unemployment meant more worries about the economy. These facts might provide some insight. The output gap:......  [read more]