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Aaron Palm

Businesses scared off by California go global - Sacramento Business, Housing Market New... - 0 views

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    Entrepreuneur moving business out of CA to China over gov regulation
Jason Welker

Economic View - A Dose of Skepticism on Government Spending - NYTimes.com - 5 views

  • the centerpiece is likely to be a huge increase in government spending
  • John Maynard Keynes
  • A main focus was how to avoid, or at least mitigate, the recurring slumps in economic activity.
  • ...17 more annotations...
  • Economic downturns, Mr. Keynes and Mr. Samuelson taught us, occur when the aggregate demand for goods and services is insufficient.
  • Higher consumer spending expands aggregate demand further, raising the G.D.P. yet again. And so on. This positive feedback loop is called the multiplier effect.
  • these Keynesian prescriptions make avoiding depressions seem too easy.
  • each dollar of government spending can increase the nation’s gross domestic product by more than a dollar
  • The solution, they said, was for the government to provide demand when the private sector would not.
  • less than a third of the increase takes the form of private consumption and investment.
  • Professor Ramey estimates that each dollar of government spending increases the G.D.P. by only 1.4 dollars.
  • In practice, however, the multiplier for government spending is not very large
  • If you hire your neighbor for $100 to dig a hole in your backyard and then fill it up, and he hires you to do the same in his yard, the government statisticians report that things are improving.
  • it is unlikely that, having wasted all that time digging and filling, either of you is better off.
  • inefficient spending
  • bridges to nowhere,
  • increase in economic well-being.
  • a rigorous cost-benefit analysis of each government project.
  • To this day, we have yet to come to grips with how to pay for all that the government created during that era
  • a temporary crisis as a pretense for engineering a permanent increase in the size and scope of the government. Believers in limited government have reason to be wary.
  • tax cuts will be a larger piece of the Obama recovery plan than was previously expected.
Duncan Innes

BBC News - Could debt relief solve Europe's problems? - 0 views

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    Should Europe follow africa
matthew_nogrady

On the Wrong Side of Globalization - NYTimes.com - 0 views

  • In general, trade deals today are markedly different from those made in the decades following World War II, when negotiations focused on lowering tariffs.
  • Today, the purpose of trade agreements is different. Tariffs around the world are already low. The focus has shifted to “nontariff barriers,” and the most important of these — for the corporate interests pushing agreements — are regulations. Huge multinational corporations complain that inconsistent regulations make business costly. But most of the regulations, even if they are imperfect, are there for a reason: to protect workers, consumers, the economy and the environment.
  • recent trade agreements are reminiscent of the Opium Wars, in which Western powers successfully demanded that China keep itself open to opium because they saw it as vital in correcting what otherwise would be a large trade imbalance.
Tim Schilling

Some Interesting Resources - 4 views

There's a very good interactive relating changes in inventories to changes in GDP at http://online.wsj.com/article/SB10001424052748704625004575089220715521384.html#articleTabs%3Dinteractive And th...

Economics Economy Resources GDP Business Cycle

started by Tim Schilling on 01 Mar 10 no follow-up yet
Seth Roberts

Paul Krugman: The Economic Failure Of The Euro : NPR - 0 views

  • Krugman explains that having a transnational currency does have obvious benefits — it makes doing business a lot easier in Europe. But, he says, there's also a downside: By giving up its own currency, a country also gives up economic flexibility and the benefit of having its own federal government back it up in times of economic trouble.
  • Krugman points to the economies of Ireland and the state of Nevada as examples. Both depend on exporting as a major source of revenue (Ireland to other countries, Nevada to other states)
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    This story is a great explanation of the Euro zone and it's strengths and weaknesses
Walter Antoniotti

Quick Notes Economics - 10 views

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    Original taken from McConnell and Breu, I update them with data and stories from the Internet.
Fred Peronto

Unemployment and Demographics - 1 views

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    Good interactive graph from the NY Times showing now unemployment is affecting different demographic groups
ksajdak

How the Government Dealt With Past Recessions - Interactive Feature - NYTimes.com - 8 views

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    Economists discuss recent recessons
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