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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    We Are Living Longer

    Mar 20, 11 • 99 Views • Gender gap, Government, HouseholdsNo Comments

    Using data for 2009 from death certificates in all 50 states, the national Centers for Disease Control has concluded that we are living longer. A male infant’s projected life span has risen .2 years to 75.7 while a female infant’s life expectancy...

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    Disaster Economics

    Mar 19, 11 • 124 Views • Businesses, Developing Economies, Economic History, Economic Thinkers, Environment, Government, Macroeconomic MeasurementNo Comments

    Assume an economy has been steadily growing. Then a natural disaster strikes, maybe a hurricane, an earthquake, or a tsunami. How is growth affected? While conclusions differ slightly, the consensus indicates that after 5 years and sometimes much sooner,...

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    Presidential Pay and the GDP

    Mar 17, 11 • 126 Views • Government, Households, Macroeconomic Measurement, Thinking EconomicallyNo Comments

     The Economist decided it would be interesting to know how a political leader’s pay compares to what a typical citizen from that country earns. Here are some of the numbers with salary first and then the multiple of per capita GDP next. I’ve...

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    Selling Karma (With a Solar Roof)

    Mar 16, 11 • 97 Views • Environment, Government, InnovationNo Comments

    The Fisker Karma car has 2 electric motors, 1 Lithium-ion battery, and 1 internal combustion engine. Depending on the model, you can have a solar panel roof, do 0-60 mph in less than 6 seconds and reach a top speed beyond 125 mph. How?...

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    A Budget Question

    Mar 14, 11 • 104 Views • Economic Debates, Government, International Trade and Finance, Thinking EconomicallyNo Comments

    Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A similar warning system for the U.S. west coast is being...