Posts Tagged ‘debt’

  • The US is again hitting its debt ceiling.

    If You Were the Supercommittee…

    Nov 21, 11 • 222 Views • No Comments

    This simulation from Pew is a great way to understand what the supercommittee is trying to do. Called “the Pew Budget Challenge,” it presents close to 100 revenue and expenditure alternatives for bringing the debt down to 60% of GDP by 2021. You...  [read more]

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    A Surprising Deficit Worry

    Oct 22, 11 • 209 Views • No Comments

    Who do you think is the biggest holder of U.S. government debt? The U.S. government. Whenever Social Security collects more payroll tax money than it needs, it buys U.S. securities. Retaining cash would mean no return, buying stock could be risky and,...  [read more]

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    A First For Denmark

    Oct 4, 11 • 226 Views • No Comments

    Denmark just became the first country in the world to have a fat food tax. That means butter, milk, pizza, any food with more than 2.3% saturated fat content is more expensive. To be precise, for every 2.2 pounds (one kilogram), the tax is $2.90 (16 kroner)....  [read more]

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    Benford’s Law and Greece

    Sep 22, 11 • 222 Views • No Comments

    Does it matter that low first digits occur more frequently? First some history. During the 1920s, Frank Benford, a physicist at GE, noticed that “one” appeared more frequently as the first digit of a number. To test his thesis, he accumulated...  [read more]

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    “Deficit Bias”

    Sep 17, 11 • 298 Views • No Comments

    If anyone asks you about the “fiscal woes” facing the U.S., Japan and the EU, just say, “deficit bias.” The 13th Geneva Report on the World Economy explains “deficit bias.” In the U.S., think about voting constituencies and...  [read more]