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.

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    Fiscal Commission Deja Vu

    Oct 2, 10 • 108 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 • 522 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 • 125 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...

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    Light Bulb Start-Ups

    Sep 18, 10 • 101 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Government, Innovation, International Trade and Finance, LaborNo Comments

    Does it matter where a start-up ends up? One new energy efficient light bulb was developed in Florida, its inventor lives in Florida, and the bulbs are assembled in Florida. Soon to be sold at Home Depot, however, the state-of-the-art LED bulb is destined for...