Posts Tagged ‘fiscal policy’

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    What is the Fiscal Cliff?

    Jul 11, 12 • 416 Views • No Comments

    The fiscal cliff is composed of 8 tax and spending events. Permitting all to occur might be the equivalent of jumping over the edge in an economic dive. Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expires Affordable Care Act taxes:......  [read more]

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

    How Sick is Medicare?

    May 28, 12 • 522 Views • 1 Comment

    Perhaps it all began when President Lyndon Johnson called Wilbur Mills, chairman of the House Ways and Means Committee. “Wilbur, I’ve just been looking through the polls here, and I’ve only got a few weaknesses, and the worst of them is that I’m not......  [read more]

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    Opposing Austerity

    Apr 12, 12 • 537 Views • No Comments

    Thinking about our fiscal woes, I keep returning to the fallacy of composition. Here it is: When one farmer harvests a huge crop and sells it, her profits soar. But if every farmer grows more and sells more, then the price drops. Similarly, if one person......  [read more]

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    Health Care Costs

    Mar 10, 12 • 503 Views • No Comments

    Looking forward to your daily Double Chocolaty Chip Frappuccino, you see that the calorie count sign says 500 calories. Change your mind? Most studies indicate that knowing a calorie count has little if any impact on purchasing decisions. Then, you stroll to......  [read more]

  • The Congress and the Fiscal Cliff

    A Clunker Stimulus?

    Feb 15, 12 • 673 Views • No Comments

    It would be so nice if we could say, “Yes, the 2009 stimulus was a good idea,” or “No, it was not.” Instead, the debate continues. Discussing his new book, journalist Michael Grabell tells us that we are unnecessarily dividing......  [read more]