Posts Tagged ‘arthur okun’

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    Inequality and Movie Stars

    Nov 22, 10 • 149 Views • Behavioral Economics, Government, RegulationNo Comments

    Did you know that Academy Award winners live longer than losers? Much more than a trivia fact, Academy Award winner longevity provided researchers with data about inequality. As reported in the May 15, 2001 issue of The Annals of Internal Medicine,

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    The Big Tradeoff

    Oct 1, 10 • 790 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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    Is Fannie Mae Your Friend?

    Jun 15, 10 • 170 Views • Economic Thinkers, Financial Markets, HouseholdsNo Comments

    I was surprised to hear that when Fannie Mae was created in 1938 as a federal agency, a part of her mission was to move money. At the time, because of the 1927 McFadden Act, interstate banking was prohibited. As a result, there could be (and was) insufficient

  • The Debate Between Equality and Efficiency

    Feb 13, 10 • 132 Views • Thinking EconomicallyNo Comments

    Speaking about the current political climate in “The Populism Problem”, James Surowiecki, New Yorker columnist, cites our contradictions: • Solve unemployment but cut the deficit • Implement health care reform but limit government •

  • A New Kind of Misery Index?

    Dec 20, 09 • 196 Views • Thinking EconomicallyNo Comments

    11.84 is the current level of our “misery index” if we use what Arthur Okun (economic advisor to Lyndon Johnson) created. November unemployment + inflation rates = 11.84. However, according to Floyd Norris, a new index might be more appropriate.