Posts Tagged ‘fiscal policy’

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    A Contagious Disease

    May 6, 10 • 270 Views • No 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...  [read more]

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    A (Mind Boggling) Entitlement

    Apr 21, 10 • 258 Views • No 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...  [read more]

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    Social Insecurity

    Apr 3, 10 • 280 Views • 1 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...  [read more]

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    No Longer a Sin?

    Mar 28, 10 • 282 Views • No 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...  [read more]

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    The Tip of the Iceberg?

    Mar 26, 10 • 264 Views • No Comments

    Growth or a safety net? Thinking at the margin, an increasing number of European policy makers are debating a change. The result is a classic economic dilemma. Unemployment and medical insurance, pensions, licensing protections, and job guarantees can...  [read more]