Posts Tagged ‘John Maynard Keynes’

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    Animal Spirits and Gas Prices

    May 24, 11 • 538 Views • No Comments

    Is a 9-cent drop enough to ignite our “animal spirits?” The 9-cent decrease refers to the average national price of a gallon of regular gasoline. And “animal spirits” is the optimism that leads to more buying and investing. During the......  [read more]

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    Bailout Fatigue

    May 17, 11 • 471 Views • No Comments

    Yesterday, in a 94-0 vote, the U.S. Senate said it had bailout fatigue. No, they were not referring to Fannie Mae or General Motors. They meant Greece. This is the connection: By selling government securities, Greece had borrowed money to fund massive......  [read more]

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    Austerity and Harry Truman

    Dec 31, 10 • 549 Views • No Comments

    What are people saying about austerity, the 2010 word of the year? According to Dr. Econ at the San Francisco Federal Reserve, households are demonstrating austerity by saving more and borrowing less. On the one hand, living within our means is good. But on......  [read more]

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    Economic Growth

    Jul 19, 10 • 629 Views • No Comments

    Did someone once say, where you look determines what you see? For evaluating the impact of federal spending, perhaps that is the problem. Some economists emphasize the connection between federal spending and the change in GDP (national production).......  [read more]

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    A Contagious Disease

    May 6, 10 • 497 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]