Posts Tagged ‘fiscal policy’

  • 15486_greekCoinSM

    California and Greece

    Feb 23, 10 • 108 Views • Thinking EconomicallyNo Comments

    An SAT question:California: US = Greece: EU. California and Greece are similar because…1. California and Greece have debt problems.2. Both have government employees with salaries and massive pension liabilities that they have to cover.3. Both would...

  • Random Snow Stories

    Feb 11, 10 • 102 Views • Thinking EconomicallyNo Comments

    Property rights When you shovel a parking space, does it remain yours when you pull out? In Boston, if you shovel out your car during a snow emergency, the space is yours for at least two days. Just “reserve” it with a lawn chair or trash...

  • PIIGS at the Trough

    Feb 9, 10 • 107 Views • Thinking EconomicallyNo Comments

    Debt can be complicated. 1.National borrowing is good. It leads to growth and recovery. In 1792, Alexander Hamilton said that a national debt could be a blessing. In 1936, John Maynard Keynes said that debt was good. Each realized that using someone else...

  • A Very Expensive Traffic Ticket

    Jan 30, 10 • 110 Views • Thinking EconomicallyNo Comments

    Recently, in eastern Switzerland, an affluent driver who was exceeding the speed limit by more than 35 miles an hour received a ticket. The ticket sounds like a predictable penalty; the fine, however, was not. The fine totalled $290,000 because it was based...

  • Some Medical History

    Jan 20, 10 • 94 Views • Thinking EconomicallyNo Comments

    late 1940s: Harry Truman proposed (unsuccessfully) what is now called a single -payer plan. Congressmen Richard Nixon and Jacob Javits supported (unsuccessfully) a government...