Posts Tagged ‘fiscal policy’

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    Part 2: The Basics of a Shutdown

    Mar 1, 11 • 325 Views • No Comments

    On Friday, we might have a funding gap. With no up-to-date appropriations, agencies providing nonessential services from the federal government will have to stop. But what is “nonessential?” A recent congressional research paper says we can look......  [read more]

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    Who Should Do Drug Research?

    Jan 26, 11 • 313 Views • No Comments

    Yes or No? Government should pay for high school education? A court system? Roads? Lighthouses? Drug research? In his blog, Mike Mandel disagrees with spending plans for the National Institutes of Health. As described by the NY Times, a National Center for......  [read more]

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    State Finance

    Dec 6, 10 • 386 Views • No Comments

    Which state postponed a pension fund payment of $3.1 billion because of big budget problems and had a 2.4% decrease in its real GDP? (Still though, this state has the second highest median income.) The answer? New Jersey. New Jersey, though, is not alone. Jon......  [read more]

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    More of a Contagious Disease

    Nov 23, 10 • 332 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 • 872 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]