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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    Social Insecurity: Part 3

    Aug 15, 10 • 115 Views • GovernmentNo Comments

    Do you prefer adjusting COLAs or the full retirement age (FRA) to ensure the survival of the U.S. Social Security program? To decide, you might want to know how different solutions will affect high and low income earners.   One way to solve...

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    Who Do You Trust?

    Aug 5, 10 • 77 Views • Businesses, Economic Debates, Economic History, Economic Thinkers, Government, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Moderated by late show host Johnny Carson, there once was a TV show called “Who Do You Trust?” Initially aired during 1957, the quiz show had husbands (interesting–1950s version would have only husbands making the decision) deciding whether...

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    Social Insecurity: Part 2

    Aug 4, 10 • 97 Views • Government, Macroeconomic MeasurementNo Comments

    The average social security check received by a retired grandma is $1169. Multiply that by 35 million recipients, add to it other social security obligations, and this year, you have more money leaving than entering the social security “bank...

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    Economic Growth

    Jul 19, 10 • 124 Views • Economic Debates, Economic Thinkers, Government, Macroeconomic MeasurementNo Comments

    Did someone once say, where you look determines what you see? For evaluating the impact of federal spending, perhaps that is the problem. Some economists emphasize the connection between federal spending and the change in GDP (national production)....

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    Post Hoc Ergo Propter Hoc?

    Jul 16, 10 • 85 Views • Economic Debates, Government, Macroeconomic MeasurementNo Comments

    Ed Koch, former mayor of NYC used to ask, “How am I doing?” We can ask the same question about economic stimulus spending. By going to recovery.gov, you will see that there were 682,370 new recipient reported jobs between January 1 and March 31,...