Posts Tagged ‘deficits’

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    Making Macroeconomic Decisions

    Jun 30, 10 • 629 Views • No Comments

    One problem with macroeconomic policy is the inability to confirm that it does or does not work. With variables constantly in motion, an entire economy as your lab, and no way to keep anything constant, how to know if you are doing the right thing?  This......  [read more]

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    Choosing Means Refusing

    May 11, 10 • 674 Views • No Comments

    In yesterday’s Washington Post, Robert Samuelson reminded us that most developed nations will have a growing proportion of senior citizens. Comparing 2005 and 2030, for Greece, the 65 and older group will increase from 18% to 25%, for Spain, from 17% to......  [read more]

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    Deficits and the Tragedy of the Commons

    May 7, 10 • 679 Views • No Comments

    Pondering Greece, I wondered about the individual and the state.  Sometimes what is good for one person is bad for all.  That took me to a graphic of the federal budget in 2020 in which entitlements, which are good for individuals, are dominant. The......  [read more]