Posts Tagged ‘fiscal policy’

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    The Young Old

    May 15, 10 • 102 Views • Government, RegulationNo Comments

    Having read that Greek fiscal austerity involves raising their average retirement age from 53 to 67 and that their life expectancy is 79.5 years, I thought of the Social Security Act of 1935 and then 2035. When Social Security was enacted in 1935, 5.4%...

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    A Contagious Disease

    May 6, 10 • 118 Views • Economic Thinkers, Financial Markets, GovernmentNo Comments

    Seeing the Bloomberg Businessweek headline, “Greek Contagion Spurs Surge in Portugal, Spanish Debt Swaps,” I started thinking about diagnosing fiscal illness, treating it, and contagion. How can we diagnose the illness? The illness...

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    A (Mind Boggling) Entitlement

    Apr 21, 10 • 101 Views • GovernmentNo Comments

    I guess we can all agree that citizens have basic rights. But vacations? “Traveling for tourism today is a right. The way we spend our holidays is a formidable indicator of our quality of life,” according to Antonio Tajani, the European Union...

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    Social Insecurity

    Apr 3, 10 • 100 Views • Economic History, Government1 Comment

    Is there a “lock box” with surplus social security funds? Sort of.   In 1983,  when we had inadequate funding for the social security program, a commission led by Alan Greenspan suggested extra sources of revenue for a Social...

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    No Longer a Sin?

    Mar 28, 10 • 107 Views • Economic Thinkers, GovernmentNo Comments

    Pondering health care reform, I began to wonder whether sin taxes would become Pigovian taxes. A sin tax focuses on the impact of a behavior on an individual. Levied on something that society believes is “bad” for a person, a sin tax...