Posts Tagged ‘California’

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    California and Greece

    Oct 2, 11 • 102 Views • Financial Markets, GovernmentNo Comments

    It is good to pay fire fighters and police officers generously. It is good not to raise taxes. It is good to give voters what they want and get re-elected. As Michael Lewis describes in Vanity Fair, San Jose, California did everything that was...

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    Amazon vs. California

    Jul 17, 11 • 115 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Government, Regulation, Thinking EconomicallyNo Comments

    According to the Seattle Times, in 1996, Amazon’s CEO, Jeff Bezos said, “You have to charge sales tax to customers who live in any state where you have a business presence. It made no sense for us to be in California or New York.”...

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    A Budget Question

    Mar 14, 11 • 103 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...

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    What If A State Defaulted?

    Nov 21, 10 • 90 Views • Economic Debates, Government, Macroeconomic Measurement, Money and Monetary Policy1 Comment

    What would happen if a state defaulted on its debt? It is unlikely. It has not happened since 1933. But…what if? In a fascinating simulation at The Economist’s Buttonwood Conference, an auspicious group of role players simulates a state debt...

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    California and Greece

    Feb 23, 10 • 109 Views • Thinking EconomicallyNo Comments

    An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pension liabilities that they have to cover.3. Both would...