Posts Tagged ‘economic growth’

  • The Congress and the Fiscal Cliff

    Fiscal Cliff Notes

    Nov 11, 12 • 435 Views • No Comments

    There might be 2 ways to look at the fiscal cliff. Specifically, we can focus on tax increases and spending cuts: Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expire Affordable Care Act taxes: kick in   Spending Cuts Emergency......  [read more]

  • Beer and pretzels.

    Beer Economics

    Nov 8, 12 • 1120 Views • No Comments

    In China, 1/2 liter of beer costs 9 minutes of work. To calculate how many minutes of work it takes to buy beer in 150 countries, Swiss bank UBS researchers divided the median wage in that country by the price of 1/2 liter from a retailer. Their results?......  [read more]

  • GDP...16843_5.2_9209625-gdp

    Unemployment and Economic Growth

    Oct 30, 12 • 545 Views • No Comments

    If anyone ever asks you why economic growth is important, I suggest showing them the following graph from the Washington Post. The goal of the graph is to show how our economy’s actual output, its potential output and unemployment are connected. During......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: The Economics of Foreign Policy

    Oct 22, 12 • 743 Views • No Comments

    Although tonight’s presidential debate is about foreign policy, perhaps the real focus is the economy. More than 200 years ago, Alexander Hamilton created the connection between economic policy and foreign policy. By funding the Revolutionary War......  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 911 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single......  [read more]