Posts Tagged ‘fiscal policy’

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    More of a Contagious Disease

    Nov 23, 10 • 209 Views • No Comments

    From FT.com: “The Irish say they are not Greece. The Portuguese say they are not Irish. The Spanish finance minister said last week that Spain is not Portugal. There are no prizes for guessing what Italy is not.” Also, This BBC article does a good...  [read more]

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    What If A State Defaulted?

    Nov 21, 10 • 737 Views • 1 Comment

    What would happen if a state defaulted on its debt? It is unlikely. It has not happened since 1933. But…what if? In a fascinating simulation at The Economist’s Buttonwood Conference, an auspicious group of role players simulates a state debt...  [read more]

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    A Big VAT

    Nov 14, 10 • 267 Views • No Comments

    Dating back to the 18th century, the Chinese vase that a brother and sister found “in a dusty attic” sold for $69.5 million at a London auction. The NY Times called it a “treasure-in-the-attic” story. For us economists, it is a VAT...  [read more]

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    What Should Government Pay For?

    Nov 13, 10 • 183 Views • No Comments

    Topping its front page with “CUT, RAISE, RAISE, LOWER, REPEAL, SCRAP, CUT, CUT,” The Wall Street Journal told readers some of the new deficit commission’s proposals. 1) For defense spending, the cut would be $100 billion. 2) The Social...  [read more]

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    Trash and Trade

    Nov 5, 10 • 233 Views • No Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...  [read more]