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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    A Debt Tour

    Feb 20, 11 • 118 Views • Economic History, Financial Markets, Government, International Trade and Finance, Macroeconomic Measurement, Money and Monetary PolicyNo Comments

    Calling it “financial disaster travel journalism,” author Michael Lewis (The Blind Side and The Big Short) takes us to Iceland, Ireland, and Greece in 3 Vanity Fair articles that are wonderful. Comparing Iceland to Ireland, he tells us, “But...

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    Looking For A Reality Check

    Feb 15, 11 • 99 Views • Economic Debates, GovernmentNo Comments

    Saying how the U.S. government spends our money, Washington Post columnist Ezra Klein said, “It’s an insurance conglomerate…” His explanation? Medicare, Medicaid and Social Security expenses add up to 2/5 of federal spending. With...

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    A Budget Cut Mirage

    Feb 12, 11 • 118 Views • Economic Debates, Government, Macroeconomic MeasurementNo Comments

    Reacting to concern about the federal deficit, the Republican leadership seems to be targeting $100 billion in discretionary spending cuts. Similarly, for his fiscal 2012 budget, President Obama recommends a 5-year freeze on non-security discretionary...

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    The Right Stuff

    Feb 10, 11 • 110 Views • Government, Households, Innovation, Labor, Macroeconomic MeasurementNo Comments

    Giving a grade of “One Pinocchio,” the Washington Post assessed the accuracy of President Obama’s February 7, 2011 speech to the U.S. Chamber of Commerce. Most interesting, though, were the topics on which he focused. Yes, President Obama...

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    When Is A “B” Bad?

    Jan 30, 11 • 107 Views • Financial Markets, Government, International Trade and Finance, Money and Monetary PolicyNo Comments

    A state would not call a “B” a good grade. The grade is a credit rating that relates to a loan. Triple-A usually means not to worry. On the other hand, a “B” says you might not get paid back. As you know, recently, credit ratings have...