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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    Education Matters

    Dec 21, 10 • 126 Views • Behavioral Economics, Economic Debates, Government, Households, Labor, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    The NY Times tells us that students who graduate from “elite” colleges could be more likely than those at less elite schools to earn more and attend a prestigious graduate school. As a result, although the initial cost may be high, the benefit,...

  • Like the 3 Bears, the Middle Class is Not too Rich Not too...

    Are You Middle Class?

    Dec 16, 10 • 98 Views • Behavioral Economics, Economic Debates, Government, Households, Macroeconomic MeasurementNo Comments

    What is the “middle class?” In a recent NPR interview, a painting contractor, an employee of Healthy Montana Kids, a man who runs a hi-tech robotic firm, and a hospice worker, all earning between $25,000 and $100,000 annually, said they were...

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    A Unique Gift Idea

    Dec 10, 10 • 103 Views • Government, Thinking EconomicallyNo Comments

    Would you like a bus stop named after you? In Chicago, you could do it. The message here is that naming opportunities have been created in order to raise money for municipalities. You could catch a train at an AT&T subway stop in Philadelphia. Or, you...

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    State Finance

    Dec 6, 10 • 142 Views • Government, Households, Thinking EconomicallyNo Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon...

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    Who Do We Owe?

    Dec 4, 10 • 111 Views • Financial Markets, Government, Money and Monetary PolicyNo Comments

    Who do you think is the biggest holder of U.S. government debt? China? No. It is the U.S. government. Why? Please think about extra money the government might collect for Social Security. What does it do with those funds? Retaining cash would mean no return...