It’s hard to go to the doctor without seeing myriad examples of economics in daily life and some of the quirky incentives in modern U.S. health care. Last Saturday morning, my gastric feeding tube pulled out and I went to…
‘Fiscal cliff’ rhetoric overstates taxes’ role in economic growth
Decades from now, when historians look back at the “fiscal cliff” crisis of 2012, they are likely to find it the greatest ado about nothing since the turmoil in Andrew Jackson’s administration because Mrs. John C. Calhoun snubbed the wife…
Long-term fiscal solution? That’s unlikely
There is much irony in the whole “fiscal cliff” debate in that the greatest danger to the economy lies in reducing the budget deficit too soon and too fast. That is what Ben Bernanke had in mind when he coined…
The working basics of the ‘fiscal cliff’
The issues and events that brought us to the current street farce involving President Barack Obama and the U.S. House date well before Federal Reserve Chairman Ben Bernanke coined the phrase “fiscal cliff” in February. So one might assume the…