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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    Looking at the Debt Ceiling

    May 16, 11 • 373 Views • No Comments

    Today, at this moment, we might be hitting the debt ceiling. During the past 11 years, Congress has voted to raise the debt ceiling 10 times. In 2000, the ceiling was approximately $6 trillion; in 2011, it was just above $14 trillion. The whole story is here,......  [read more]

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    A Medicare Check-up

    May 14, 11 • 465 Views • No Comments

    We could say that Medicare is currently a bit ill and the prognosis is not good. Last year it received some “medicine” through the Affordable Health Care Act but its caretakers, the Medicare trustees, question whether the treatment will work.......  [read more]

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    Brand Matters

    May 11, 11 • 505 Views • No Comments

    Not so long ago, an apple was just a piece of fruit and a “google’ (actually spelled googol) was 10 raised to the 100th power. Mention apple today and most of us think of iPhones and iMacs. However, Apple is not just a technology company. As with......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Fictitious Billionaires

    May 8, 11 • 517 Views • No Comments

    Having amassed her fortune as CEO of an electronics empire and through her inheritance, The Office’s Jolene “Jo” Bennett is ranked #11 on this year’s Forbes Fictional 15. You might enjoy this (fictitious) Forbes interview of Ms.......  [read more]

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    Look For the Silver Lining

    May 4, 11 • 439 Views • No Comments

    You might want to decide whether to set the table with Granny’s silver, sell it, or melt it. To see why, you just need to look at a graph of the price of silver. Representing a 162% increase between January and now, the line is almost vertical. When......  [read more]