Browsing All posts tagged under »Economics«

Unfunded Liabilities

March 7, 2011


American state and federal governments are struggling to cut spending. They are unable to fulfill the budgets that they had planned on with the revenue they are now taking in. Most of the debate has been about cutting short term spending on public services with the idea that the revenue shortfall is a short-term effect […]

Budget Deficits; Useful or Dangerous

February 17, 2011


One of the biggest political fights right now in the United States and other countries hurt by the Great Recession is over government finances. For various reasons, they have been spending much more than they have been taking in from taxes. This is called deficit spending. It is separate from the actual level of debt. […]

Immigration Policy

January 30, 2011


In recent entries, I have discussed various factors that go into creating the current immigration situation in the United States, from both the immigrants’ side and that of the countries they seek to enter. With this background, I can now look at the variety of policy responses that the US and countries in similar situations […]

The Costs and Benefits of Immigration

January 11, 2011


So far I have discussed immigration from the point of view of the immigrants, who they are and why they make such a big decision. The countries they move to also have a stake in the matter. They are materially affected by immigrants and have several options for controlling the flow of people entering their […]

Why do we pay farmers not to grow food?

July 11, 2010


One of the most complicated and passionately defended policies of many governments is that regarding agriculture. The European Union has the Appellation d’origine Contrôlée, Japan pays out huge sums to guarantee that they are self sufficient in rice production, and the US writes into its budget billions of dollars in farm subsidies each year. The […]

Why is our trade balance so important?

July 6, 2010


In order for people to prosper, they have to be able to earn money. Whether they work to provide a good or a service, they will have a base of consumers to rely on. If they have a lot of customers, they can work more, charge more, and earn more. This is all very basic, […]