Posts Tagged ‘fiscal policy’

  • PIIGS at the Trough

    Feb 9, 10 • 184 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 • 198 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 • 154 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

  • A Sick Health Care Bill?

    Dec 26, 09 • 165 Views • Thinking EconomicallyNo Comments

    Reading the Concord Colition’s 15 page assessment of health care reform provides a sound sense of the questions I would like to ask. 1. Does it matter that people who fund

  • A Stimulating Idea From China

    Dec 17, 09 • 175 Views • Thinking EconomicallyNo Comments

    The place is Inner Mongolia. The city is Ordos. Actually, within 18 miles, there are two Ordos. One looks like a normal city. Built with stimulus money, the second Ordos looks complete except for one detail; there are no people. The apartments are empty, the