Posts Tagged ‘fiscal policy’

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

    How Sick is Medicare?

    May 28, 12 • 719 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 • 683 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]

  • Scale for weight..2.16.12_000016156464XSmall

    Health Care Costs

    Mar 10, 12 • 665 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 • 881 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]

  • The US is again hitting its debt ceiling.

    Greek Austerity Facts

    Feb 10, 12 • 1046 Views • No Comments

    With a March 20 deadline approaching, new European bailout negotiations continue to emphasize austerity. Curious about what austerity specifically meant, I looked at a Greek newspaper. In the sports section, they discussed the plight of Greece and the......  [read more]