Households

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.

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    What is Best For Growth?

    Mar 3, 11 • 213 Views • No Comments

    What if the Congress decides to slash spending by $60 billion right now? Prominent economists are again disagreeing. According to Stanford economist John Taylor, we would have a resurgence of business confidence, renewed investment spending and new jobs....  [read more]

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    An Oil Surprise

    Feb 24, 11 • 299 Views • No Comments

    As the turmoil in the Middle East unfolds, if you want to sound knowledgeable about oil, you could just say $147, contango and floating storage. As you can see on this graph, it was mid-July, 2008, when the price of oil peaked at slightly more than $147 a...  [read more]

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    Paying Less For a House

    Feb 21, 11 • 293 Views • 1 Comment

    In an interesting Politico opinion column, journalist Michael Kinsley wonders why everyone seems to assume that climbing home prices are good. He points out that most people are happy when the prices of essentials like gas go down. So why the opposite for...  [read more]

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    Shrinking Packages

    Feb 17, 11 • 328 Views • 2 Comments

    Have you noticed that the 64-ounce Tropicana Orange Juice container now holds 59 ounces of juice? Or, that Scott Toilet Tissue is 104.8 sq. ft. instead of 115.2 sq. ft.? Other shrinking packages include… The 24-slice package of Kraft American Cheese has...  [read more]

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    U.S. Affluence

    Feb 16, 11 • 267 Views • No Comments

    How rich is the U.S.? Economist Branco Milanovic, in The Haves and the Have-Nots, gives us a really interesting answer. The poorest people in the U.S. are richer than most of the higher income individuals in other countries. Specifically, the poorest 5% of...  [read more]