Posts Tagged ‘fiscal policy’

  • Taxing Issues

    Mar 8, 10 • 239 Views • No Comments

    How much should government spread the wealth?  In a recent speech, Harvard economics professor Gregory Mankiw gives an answer by focusing on two issues. The first issue involves the facts:  Beginning with a Warren Buffett story, Dr. Mankiw then...  [read more]

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    The Economic Significance of BRIs

    Mar 7, 10 • 207 Views • No Comments

    When slicing a bagel, most people use a knife.  Others prefer the bagel guillotine or the Brooklyn Bagel Slicer.  With annual sales near 80,000, the bagel guillotine has been described as “history’s most successful bagel-controlling...  [read more]

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    California and Greece

    Feb 23, 10 • 239 Views • No 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...  [read more]

  • Random Snow Stories

    Feb 11, 10 • 199 Views • No 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...  [read more]

  • PIIGS at the Trough

    Feb 9, 10 • 232 Views • No 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...  [read more]