econlife on ‘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.

  • More Deja Vu

    Oct 3, 10 • 115 Views • Economic Debates, Economic History, GovernmentNo Comments

    With the NY Times saying, “…Britain Keeps Welfare For the Well-Off,” the original Social Security debate comes to mind. Appointed by FDR in 1934, the Social Security Task force had an Old Age Security Group. Pushed by 11 states that already...

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    Fiscal Commission Deja Vu

    Oct 2, 10 • 109 Views • GovernmentNo Comments

    On Amazon (“gift wrap available”), you can purchase the 1995 “Final Report to the President” of the “Bipartisan Commission on Entitlement and Tax Reform”. During February, President Obama announced the creation of the...

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    The Big Tradeoff

    Oct 1, 10 • 527 Views • Businesses, Government, Households, Macroeconomic MeasurementNo Comments

    During the 2008 presidential campaign, when asked who is rich, John McCain jokingly said the dividing line was $5 million while Barack Obama said $150,000. Now, referring to proposed tax legislation, President Obama says that a family earning $250,000 is rich...

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    Obesity Concerns

    Sep 25, 10 • 126 Views • Economic Debates, Government, RegulationNo Comments

    The new vending machine at a Mason, Ohio high school only sells carrots. At 50 cents a bag, “they are selling like hotcakes”. Is it because the baby carrot video ads are amazing or that no other vending machine works during school hours? This...

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    Should We Miss Larry Summers?

    Sep 24, 10 • 106 Views • Economic Debates, Economic Thinkers, Government, Macroeconomic Measurement, Money and Monetary Policy, RegulationNo Comments

    As you know, Larry Summers, chair of the National Economic Council, former president of Harvard, former Treasury Secretary, former chief economist at the World Bank, and Harvard professor, is leaving the Obama economic team. But what did he bring? You might...