Posts Tagged ‘arthur okun’

  • A misery index number conveys the potential distress created by unemployment and inflation.

    An Economist’s Definition of Misery

    Oct 26, 14 • 103 Views • No Comments

    While a misery index shows a nation's inflation and unemployment rates, the eurozone's high unemployment might create disproportionate unhappiness....  [read more]

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    Inequality and Movie Stars

    Nov 22, 10 • 185 Views • No 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,...  [read more]

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    The Big Tradeoff

    Oct 1, 10 • 1089 Views • No 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...  [read more]

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    Is Fannie Mae Your Friend?

    Jun 15, 10 • 219 Views • No 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...  [read more]

  • The Debate Between Equality and Efficiency

    Feb 13, 10 • 192 Views • No 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 •...  [read more]