Posts Tagged ‘fiscal policy’

  • Affecting the cost of animal feed and lowering the amount of milk from cows, the drought is pushing up milk prices.

    Fiscal Policy: The Dairy Cliff

    Dec 30, 12 • 839 Views • No Comments

    The price we pay for milk might skyrocket unless the Congress passes a new farm bill or extends the old one during the next several days. If they do nothing, then we revert to 1949 legislation that will push the price of milk up from approximately $3.75 a......  [read more]

  • How much should cities plan for the storm of the century?

    Opportunity Cost: Preparing for Sandy and Katrina

    Dec 22, 12 • 477 Views • No Comments

    After every storm of the century, we ask why we didn’t prepare sufficiently. For Katrina it was better levee protection. And now, for Sandy, I just heard that the PATH–underground trains between NJ and NYC–had 4 foot flood gates (some news......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Butter, Health Care and the Spread of Baumol’s Disease

    Dec 1, 12 • 661 Views • No Comments

    When butter makers had Baumol’s Disease, for centuries, there was no cure. From the 1700s to 1940, making butter required some cream, a churn and usually a woman with lots of time and energy to crank or plunge a shaft. When, in 1850, someone invented a......  [read more]

  • Retailers slow down escalators for the elderly.

    Growing Old in Japan

    Nov 27, 12 • 2079 Views • No Comments

    If people over 60 are your biggest spenders, then how do retailers respond? For starters, they slow down the escalators. In Japan, with people over 60 doing 44 percent of the spending, and with those over 65, 23.3% of the entire population, merchants are......  [read more]

  • euro zone map

    Greek Privatization Progress

    Nov 20, 12 • 530 Views • No Comments

    Will international creditors say yes again to Greece after today’s meeting in Brussels? Part of the deal involves selling or leasing whatever the Greek government owns. The proceeds reduce the debt and meanwhile, by building roads and business parks,......  [read more]