Joseph Schumpeter's Business Cycles
-
Business Cycles
The link above takes you to a pdf file of Joseph Schumpeter's book.
14 years ago
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
An introduction to U.S. macroeconomic policy issues, such as how we use monetary and fiscal policies to promote economic growth, low unemployment, and low inflation.
U.S. Public Debt
U.S. Public Debt Since 1940
U.S. Public Debt Since 1940 - Adjusted for Inflation
U.S. MACROECONOMIC SCOREBOARD
ECONOMIC GROWTH
3.1% (3rd Quarter 2012)
(Goal: 3%; perhaps more if it can be sustained without inducing inflation.)
7.8% (December 2012)
(Goal: less than 5.5%)
Google Analytics
Search This Blog
TOPICS
- Outline of Topics (brief)
- Outline of Topics (detailed)
- Part I: Introduction to Economics
- 1. What is Economics?
- 2. Economic Perspectives
- 3. Simple Economic Models
- 4. Supply & Demand Analysis
- 5. Personal Investments
- Part II: Macroeconomic Policy
- 6. Economic Growth
- 7. Low Unemployment
- 8. Low Inflation
- 9. Monetary Policy
- 10. Fiscal Policy
- Glossary of Economic Terms
Links
- AP Economic Stress Index
- Brad DeLong's blog
- Bureau of Public Debt - U.S. Treasury
- Bush Tax Cuts - (Ecolanguage)
- Calculated Risk (blog)
- Center for Strategic & Budgetary Assessments
- Christmas Price Index
- Concord Coalition
- Congressional Budget Office (CBO)
- Council of Economic Advisers (White House)
- Dangerous Economist (Cyril Morong)
- Dear Economist (Tim Harford)
- Economic Report of the President
- Economist.com
- EconomistMom.com (Diane Lim Rogers)
- Economists Do It With Models
- Economix (New York Times)
- FactCheck.org
- Fox News
- Gallup (polls)
- Global Rich List
- Greg Mankiw's blog
- Happy Planet Index
- International Trade Examiner (Sarita Jackson)
- Kiva - loans that change lives
- Labor Market Data
- Media Matters For America
- National Economic Council (White House)
- National Priorities Project
- NationMaster - comparative data
- Newstin
- Paul Krugman's blog
- Peter G. Peterson Foundation
- Planet Money (National Public Radio)
- PolitiFact Truth-o-Meter
- Producing Ohio: Creating Our Economy
- Starting Point (teaching methods)
- Story of Stuff
- Tax Policy Center (Urban Institute/Brookings)
- U.S. Budget - Historical Tables
- U.S. Misery Index
- Unemployment Rate
- US Debt Clock
- White House - Economic Issues
- Z Facts
DATA
- Brookings Institution
- Bureau of Economic Analysis (BEA)
- Bureau of Labor Statistics (BLS)
- Consumer Confidence Index
- Consumer Price Index (since 1957)
- EconData.net
- Economic Growth - Table B-4
- Economic Report of the President
- federal funds rate
- FRED (Federal Reserve Economic Data)
- Gasoline Prices (U.S. & Canada)
- GeoFRED (Geographic Federal Reserve Economic Data)
- Gross Domestic Product - country rankings
- Gross Domestic Product - U.S. statistics
- Income, Poverty and Health Insurance Coverage in the United States: 2007
- Inflation Calculator (BLS)
- Inflation Rate
- interest rates
- Labor Market Data - Employment Situation Report
- Labor Market Data - most recent month
- prime rate
- Producer Price Index (current)
- Unemployment Data - Historical
- Unemployment Rate (Bloomberg)
- Unemployment Rate (BLS chart)
- World Economic Outlook (IMF)
- World Factbook (CIA)
Documentary Films
My Other Blogs
-
-
Haiti completely devastated by earthquake - In the January 13, 2009 article "Quake-stunned Haitians pile bodies by fallen homes," Associated Press writer Jonathan M. Katz reports that the poorest cou...
14 years ago -
Topics for Next Meeting (Oct. 2nd) - As we discussed in Friday's meeting, rather than having a book club leader we are all going to bring questions related to the chapters we're reading in Doy...15 years ago
-
Service Learning in English Composition: A Case Study - Journal of Scholarship of Teaching and Learning, Vol. 6, No. 2, October 2006, pp. 93 – 100. Service Learning in English Composition: A Case Study Maria M...18 years ago
Blog Archive
-
▼
2010
(110)
-
▼
September
(15)
- 10-minute trainer
- The Gerson Institute
- How to Read the Current Job Market
- "I'm as mad as hell, and I'm not going to take thi...
- Rush Limbaugh falls for Wikipedia hoax
- How the tea party is rewriting the rule book for p...
- The perils of false equivalencies and self-proclai...
- The National Bureau of Economic Research declares ...
- Why No Amount of Fiscal or Monetary Stimulus Will ...
- Unusual Worry: Is Inflation Too Low? Federal Reser...
- GOP 'Pledge' vows cuts, repeal of health care law
- Newt Gingrich on the GOP's 'Pledge'
- GOP, Democrats offer dueling governing plans
- The Dollar ReDe$ign Project
- History of the U.S. Tax System
-
▼
September
(15)
Labels
- 25 important ideas
- 60 Minutes
- A Billion for a Billion
- Abraham Lincoln
- accounting
- Adam Smith
- Adam Smith's theory of the invisible hand
- adultery
- advertising
- Age of Stupid
- aggregate demand (AD)
- air travel
- airfares
- airlines
- Alan Greenspan
- Alan S. Blinder
- allocation systems
- America: Freedom to Fascism
- American International Group (AIG)
- anarchism
- and Education") Act:
- and nothing but the truth
- Andrew Sullivan
- antitrust
- AP Economic Stress Index
- Apple
- Archer Daniels Midland (ADM)
- Arnold Schwarzenegger
- Arthur Laffer
- Ascent of Money
- ASPIRE ("America Saving for Personal Investment
- ATandT
- Atlas Shrugged
- Austrian school
- automatic stablilizers
- automobiles
- average tax rates
- Ayn Rand
- Baby Boom generation
- baby boomers
- bad habits
- Balance of Power Between Congress and the Presidency
- bank accounts
- bank bailout
- bank deposits
- bankruptcy
- Bar
- Barack Obama
- barter
- baseball
- Basil Marceaux
- basket of goods
- beach
- bear market
- behavioral economics
- beige book
- Ben Bernanke
- beneficiaries of Bush tax cuts
- Berkshares
- Bertrand Russell
- Bible
- Big Mac index
- Bill Clinton
- Bill Fletcher
- Bill Gates
- Bill Maher
- Bill Moyers
- blogs
- BLS
- blue-collar workers
- Board of Governors
- bonds
- Brazil
- BRIC (Brazil Russia India China)
- bridges
- Brookings Institution
- Bruce Bartlett
- Bryn Mawr College
- budget
- budget deficits
- Budget Hero
- budget surpluses
- bunny game
- Bureau of Labor Statistics (BLS)
- burning river
- Bush tax cuts
- business cycle
- business labor
- Business Roundtable
- cable TV
- Caddyshack
- CAFE standards
- California
- Calvin and Hobbes
- Can You Afford to Retire?
- capital
- capitalism
- Capitalism: A Love Story
- Carrotmob
- cash for clunkers
- Cato Institute
- cattle rustling
- CBS News
- celibacy
- census
- Center for Strategic and Budgetary Assessments
- Center on Budget and Policy Priorities
- ceteris paribus
- charities
- charlatans
- Charlie Crist
- Charlie Rose
- cheating
- checkingfinder.com
- Cherokee
- cherry picking
- child raising
- children
- China
- Christianity
- Christmas Price Index
- CIA World Factbook
- Cincinnati Bengals
- circular flow diagram
- circular flow model
- Citizens Against Government Waste (CAGW)
- classical economics
- climate
- climate change
- Clinton administration
- clutter
- coffee
- coin toss
- coins
- collateralized-debt obligation
- collectivism
- college success
- collusion
- command
- Commerce Department
- commodity money
- communism
- community colleges
- composition of gross domestic product (GDP)
- compound interest
- Concord Coalition
- Conference Board
- Congress
- Congressional Budget Office (CBO)
- Congressional Oversight Panel
- Congressional Record
- conservatism
- conservatives
- constant opportunity costs
- Constitution of the United States
- Consumer Confidence Index
- consumer price index (CPI)
- consumption (C)
- consumption taxes
- contractionary monetary policy
- corn subsidies
- corporate influence
- cost of living adjustment (COLA)
- cost-benefit analysis
- cost-push inflation
- Council of Economic Advisers
- counterfeit money
- country rankings
- course descriptions
- cowboys
- Craig T. Nelson
- Crawford ranch
- credit cards
- credit default swaps
- Critiques of Barack Obama
- Crocs
- crying Indian
- currency
- Current Population Survey
- Cuyahoga River
- cyclical unemployment
- Daily Show
- dairy farmers
- Dalai Lama
- Dallas Cowboys
- Dan Rather
- dance
- Daniel Suelo
- data
- David Brooks
- David E. Adler
- David Gregory
- David Kessler
- David Leonhardt
- David M. Smick
- David M. Walker
- David Walker
- DAX index
- Dear Economist
- Death of Conservatism
- death panel
- death tax
- debt clock
- Declaration of Independence
- defense spending
- deficits
- definitions
- deflation
- demand
- demand curve
- demand decrease
- demand deposit
- demand increase
- demand shift
- demand vs. quantity demanded
- demand-pull inflation
- Democratic Party
- depression
- Dharma and Greg
- DHL Express
- discouraged workers
- disinflation
- divided government
- divorces
- dot-com bubble
- double-dip recession
- Dow Jones Industrial Average
- Dr. Atul Gawande
- Dr. Laura Schlessinger
- economic efficiency
- economic forecasts
- economic growth
- economic growth rate
- economic meltdown
- economic models
- economic perspectives
- economic policy in two sentences
- Economic Policy Institute (EPI)
- economic recovery
- Economic Report of the President
- economic resources
- Economic Stress Index
- economic systems
- economists
- Economists Do It With Models
- education
- education levels
- effective tax rates
- effective unemployment rate
- efficiency
- electricity
- Elizabeth Warren
- Emmanuel Saez
- Employment Situation
- entitlement programs
- entrepreneurship
- Environmental Working Group (EWG)
- equilibrium
- equilibrium wage
- equity
- estate tax
- European Union (EU)
- excise tax
- expansionary macroeconomic policy
- expansionary monetary policy
- expectations
- exports (X)
- F-22 Raptor
- FactCheck.org
- factory output
- Fair Property Tax for All
- fair tax
- Fair Tax Act of 2007
- fair trade
- Fair Trade coffee
- fairtax.org
- fallacies of logic
- farm subsidies
- fascism
- fear mongering
- Federal Home Loan Mortgage Corp. (Freddie Mac)
- Federal Insurance Contributions Act (FICA)
- Federal National Mortgage Association (Fannie Mae)
- Federal Open Market Committee (FOMC)
- Federal Reserve System
- Federal Reserve System (the Fed)
- federalism
- fiat lux
- fiat money
- Fifty Percent League
- final goods approach to measuring gross domestic product (GDP)
- finance
- financial capital
- financial crisis
- Financial Industry Regulatory Authority (FINRA)
- financial regulation
- fire
- First Coast Tea Party
- fiscal policy
- fiscal stimulus
- fiscal wake-up tour
- fish
- flat tax
- Flat Tax Revolution
- Florida amendment one
- Fonzie
- food
- Food and Drug Administration (FDA)
- food stamps
- food trucks
- Forbes 400
- Forbes magazine
- foreign aid
- Fox News Channel
- fractional reserve banking
- free markets
- free trade
- Fresh Air
- frictional unemployment
- Frontline
- frugality
- FTSE 100
- fulfillment
- fun theory
- functions of money
- future value
- G-20
- G20
- Gabriel Byrne
- games
- garbage piles
- gasoline prices
- gay marriage
- GDP
- GDP per capita
- George Bush
- George W. Bush
- Germany
- Gerson Institute; cancer
- Gini coefficient
- Glass-Steagall Act
- Glass-Steagall Act of 1933
- Glenn Beck
- Glenn Greenwald
- global economic crisis
- global health care
- Global Rich List
- global warming
- glossary
- gold
- gold standard
- Goldilocks and the Three Bears
- Goldman Sachs
- GOP
- government aid
- government purchases (G)
- government spending
- government's role in the economy
- Great American Bubble Machine
- Great Depression
- Great Lakes Brewing Company
- Greece
- greed
- green-collar workers
- Greg Mankiw
- gross domestic product (GDP)
- Gross National Product (GNP)
- Guinea
- H.G. Wells
- happiness
- Happy Days
- HBO
- head tax
- health care
- health care rankings
- health care reform
- health insurance reform
- Herb Kohl
- Heritage Foundation
- hidden unemployment
- Hillary Rodham Clinton
- history
- history of the minimum wage
- hoarding
- Hot Flat and Crowded
- Hot Waitress Economic Index
- housing market
- housing prices
- How Green Are Reusable Bags?
- How the government dealt with past recessions
- how to lie with statistics
- hubris
- human capital
- human development index
- hunger
- Hungry Planet: What the World Eats
- Hurricane Katrina
- hyperinflation
- hypocrisy
- I.O.U.S.A. movie
- immigration
- importance of low inflation
- Important Concepts in Understanding Macroeconomics
- imports (M)
- In the long run we are all dead.
- In Treatment
- incentives
- income distribution
- income effect
- income inequality
- income taxes
- increasing opportunity costs
- Index of Leading Economic Indicators
- Index of Personal and Economic Freedom
- inflation
- inflation rate
- Informant
- informercials
- insurance
- integral politics
- interest on deposits at the Fed
- interest rates
- Internal Revenue Service (IRS)
- international finance
- International Monetary Fund (IMF)
- International Monetary Systems (IMS)
- Introduction to Economics
- investment (I)
- iPod
- Ira Glass
- Is conservatism dead?
- ITEX
- Jack and Suzy Welch
- Jackie Robinson
- Jacksonville
- Jacksonville University
- Jacob Kirkegaard
- James Inhofe
- James Piereson
- Jay Leno
- Jeanne Cummings
- Jimmy Carter
- job creation
- job market
- job satisfaction
- jobless claims
- Jodi Beggs
- Joe Biden
- Joe Klein
- Joe Scarborough
- Joel Slemrod
- John Linder
- John Maynard Keynes
- John Peyton
- John Stossel
- jokes
- Jon Stewart
- Jordan Palmer
- Joseph Schumpeter
- Judith D. Schwartz
- Jump into Economics
- jump the shark
- junk bonds
- junk food taxes
- Justin Fox
- Kaiser Family Foundation
- Keep America Beautiful
- Ken Wilber
- Keynesian economics
- Keynesian unemployment
- kibbutz
- Kimberley A. Strassel
- Kiva
- Kyoto Protocol
- labor
- Labor Day
- labor market
- Laffer curve
- laissez-faire
- Larry Summers
- Law Enforcement Against Prohibition (LEAP)
- Learning Objectives
- legalization of drugs
- Leigh W. Rutledge
- leisure
- libel
- liberalism
- liberals
- libertarian paternalism
- libertarianism
- libertarians
- lies
- lies and deceptions
- life expectancy
- Life Inc.
- limitations of economics
- limitations of unemployment data
- Lithuania
- lobbyists
- lottery
- low inflation
- low unemployment
- lucky duckies
- Ludwig von Mises Institute
- lump-sum tax
- M1
- M2
- M3
- macroeconomic policy goals
- macroeconomic policy tools
- macroeconomics
- Mad Men
- Made in the USA
- Malcolm Gladwell
- Man Who Lives Without Money
- management
- Manhattan Institute for Policy Research
- Margaret Thatcher
- marginal tax rates
- marijuana
- marital infidelity
- Mark Sanford
- Mark Steyn
- Mark Zandi
- market failure
- market power
- market wage
- marketing
- markets
- Maryland
- Material World: A Global Family Portrait
- Matt Damon
- Matt Miller
- Matt Taibbi
- McAllen Texas
- McClatchy
- McDonald's
- measurement of economic growth
- measurement of inflation
- measurement of unemployment
- Media Matters for America
- Medicaid
- Medicare
- Medicare prescription drug plan
- Meet the Press
- menu costs of inflation
- Michael Bloomberg
- Michael Jordan
- Michael Moore
- Michael Steele
- Michael Zweig
- Mickey Edwards
- microeconomics
- microfinance
- microlending
- Microsoft
- middle class
- Mike Huckabee
- milk
- mind map
- minimum wage laws
- misery index
- models
- monetary policy
- money
- Moneytopia
- More Sex is Safer Sex
- Mortimer B. Zuckerman
- most lucrative college degrees
- multiplier
- mutual funds
- names
- Nancy-Ann DeParle
- National Bureau of Economic Research (NBER)
- National Economic Council
- National Football League (NFL)
- National Public Radio (NPR)
- national sales tax
- nationalization
- natural resources
- Neal Boortz
- neo-liberalism
- net exports (X-M)
- net worth
- Netscape
- Network
- New Deal
- New Testament
- New York City
- New York Mercantile Exchange
- New York Mets
- New York Post
- New York Stock Exchange
- New York Times
- news media
- NewsHour with Jim Lehrer
- Newt Gingrich
- Niall Ferguson
- nihilism
- Nikkei stock average
- Nintendo Wii
- Nobel prize
- nominal GDP per capita
- nominal variables
- nonrenewable resources
- normative analysis
- North Korea
- nudge
- Obama
- Obama travel
- Office of Management and Budget (OMB)
- offshoring
- oil
- Old Testament
- open market operations
- opportunity costs
- Oprah Winfrey
- orange juice
- Organization of Petroleum Exporting Countries (OPEC)
- Outliers
- outline
- overeating
- paper airplane models
- paper bills
- paradox of thrift
- paranoia
- patents
- Paul Krugman
- pay-as-you-go (PAYGO) rules
- PBS
- Peddling Prosperity
- Peddling Prosperity: Economic Sense and Nonsense in the Age of Diminished Expectations
- pencil
- pennies
- pensions
- People of Walmart
- People's Initiative to Limit Property Taxation
- personal income
- personal investments
- Peter G. Peterson Foundation
- Peter Menzel
- Peter Orszag
- Peterson Institute
- pharmaceutical companies
- photographs
- physical capital
- pink flamingos
- pink ties
- Pittsburgh Summit 2009
- Playstation 3
- Political Compass
- political spectrum quiz
- politicians
- PolitiFact; St. Petersburg Times
- poll
- poll tax
- pollution
- Portability of Save Our Homes
- positive analysis
- Post hoc ergo propter hoc
- pot
- poverty
- poverty guidelines
- poverty line
- PPF
- prescription drugs
- price ceiling
- price controls
- price fixing
- price floor
- price index
- primates
- prisoners' dilemma
- producer price index (PPI)
- Producing Ohio
- production possibilities frontier (PPF)
- productivity
- property rights
- property taxes
- Proposition 13
- protectionism
- protest signs
- Public Broadcasting Service (PBS)
- public debt
- public resources
- purchasing power
- quality of life
- Queen Elizabeth II
- questions for further study
- Randy Newman
- rappers
- Reaganomics
- Real Clear Politics
- real estate
- Real GDP
- Real gross domestic product
- real rate of return
- real variables
- recession
- Reclaiming Conservatism
- reconciliation
- red wine
- regional currency
- regressive taxes
- regulation of markets
- religion
- remote area medical (RAM)
- renewable resources
- rent controls
- Republican National Committee
- Republican National Committee (RNC)
- Republican party
- Republican Party (GOP)
- reserve currency
- retail sales
- retirement
- Richard K. Armey
- right-wing lies and deceptions
- Robert H. Frank
- Robert M. Gates
- Robert Reich
- Rocket Ismail
- role of government
- Roman Catholic Church
- Ron Paul
- Ronald Reagan
- Rule of 70
- RunPee.com
- Rush Limbaugh
- Russell 2000
- Russia
- Rust Belt
- sacrifice
- Sam Tanenhaus
- Sarah Palin
- satellite photo
- savings rate
- school lunches
- Schoolhouse rock
- self-interest
- selfishness
- Serendip
- sex
- shoeleather costs of inflation
- shortage
- Sick Around the World
- simple economic models
- sin tax
- Slate
- Slim Thug
- Snap Judgement
- Soak the Rich
- Social Security
- socialism
- soda pop tax
- soft drinks
- Somalia
- song
- Sonia Sotomayor
- Sources of economic growth
- South Korea
- specialization
- speeding tickets
- Standard and Poor's 500
- Standard and Poor's 500 index
- state and local government taxation
- Stephen Colbert
- Steve Forbes
- Steven E. Landsburg
- stimulus
- stimulus analogy
- stock market
- stocks
- Story of Stuff
- strategies for reducing unemployment
- structural unemployment
- subprime mortgage crisis
- subsidies
- substitution effect
- supply
- supply and demand analysis
- supply and demand quiz
- supply-side economics
- surplus
- Switzerland
- Syriana
- systems of allocation
- tariffs
- tax breaks
- tax burden
- tax cuts
- tax efficiency
- tax equity
- tax increases
- Tax Policy Center
- tax reform
- tax tea parties
- taxation
- taxes
- taxi
- tea party movement
- technology
- television
- temperature
- Ten Most Popular Jobs for Economics Majors
- terms
- terrorism
- Terry Gross
- Texas Cattlemen
- text messages
- The 1900 House
- The Atlantic
- The Daily Show
- The End of Overeating
- The Huffington Post
- The Myth of the Rational Market
- The New York Review of Books
- The Time Machine
- The truth
- The Tyranny of Dead Ideas
- The Week
- The West Wing
- the whole truth
- The World is Curved: Hidden Dangers to the Global Economy
- This American Life
- Thomas L. Friedman
- Tim Geithner
- Tim Harford
- Time dollars
- TIME magazine
- tires
- tobacco
- Tom Brokaw
- Tom Harkin
- Tom Patton
- tooth fairy
- topics
- trade
- Trade Adjustment Assistance (TAA)
- trade balance
- trade deficit
- trade protection
- trade war
- tradeoffs
- tradition
- tragedy of the commons
- traveler´s check
- Troubled Asset Relief Program (TARP)
- two wolves
- Tyler Cowen
- typewriter
- U.S. banking crisis
- U.S. Census Bureau
- U.S. Constitution
- U.S. dollar
- U.S. federal budget
- U.S. federal government spending
- U.S. government spending
- U.S. military
- U.S. News and World Report
- U.S. view of the world
- UN Development Programme (UNDP)
- Uncle Sam
- underemployment
- unemployment
- unemployment benefits
- unemployment compensation
- unemployment rate
- United for a Fair Economy
- United Nations (UN)
- universal health care
- unlimited needs and wants
- unregulated markets
- Urban Institute-Brookings Institution Tax Policy Center
- US Airways Flight 1549 crash
- US Global Change Research Program
- US Uncut
- USS John F. Kennedy
- Value-added tax (VAT)
- Vanity Fair
- Verizon Communications
- veterans
- video
- visualizing the U.S. economy
- voodoo economics
- voting
- wage rate
- wages and salaries
- Wal-Mart
- Wall Street Journal
- war
- Warren Buffett
- Washington Post
- wasteful government spending
- Ways to waste your money
- wealth
- Wealth of Nations
- wealthiest people in the U.S.
- well-being
- Wendell Potter
- Western U.S:
- What is Economics?
- When My Grandmother Was a Child
- Where the hell is Matt?
- White House
- white paint
- white-collar workers
- Why Study Economics?
- Wikipedia
- William G. Gale
- Wilmington Ohio
- wine
- Winston Churchill
- wishful thinking
- wolves
- World Economic Forum (WEF)
- World Food Program
- World Health Organization (WHO)
- World News Tonight
- World Trade Organization (WTO)
- writing well;
- YouTube
- Zimbabwe
Recommended Reading
- The Predator State: How Conservatives Abandoned the Free Market and Why Liberals Should Too - James K. Galbraith
- The Return of Depression Economics and the Crisis of 2008 - Paul Krugman
- The Limits of Power: The End of American Exceptionalism - Andrew J. Bacevich
- Peddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations - Paul Krugman
- The New American Story - Bill Bradley
- Reclaiming Conservatism: How a Great American Political Movement Got Lost--And How It Can Find Its Way Back - Mickey Edwards
- The End of Prosperity: How Higher Taxes Will Doom the Economy--If We Let It Happen - Arthur Laffer, Stephen Moore, & Peter Tanous
You Want the Truth?
Comments
I welcome comments. Please keep them civil, short and to the point. Obscene, profane, abusive and off topic comments will be deleted. Repeat offenders will be blocked. Thanks for taking part — and abiding by these simple rules.
Followers
Biases Inherent in this Blog
I believe it is extremely important to consider the sources of information. No one should be surprised if news reports on MSNBC have a liberal slant or if Fox News has a conservative bias. Unfortunately, far too many people only seek information that supports existing opinions and they fail to consider all sides of issues. I strongly encourage everyone to seek a broad spectrum of opinions and information sources, carefully consider them all, and then reach one’s own conclusions rather than just parroting what a favorite cable news celebrity might say.
The following information is provided to help you understand the biases that may be inherent in this blog. My primary U.S. economic policy concern is the fiscal irresponsibility of government. The Baby Boom generation, which I am part of, has spent the past 30 years accumulating massive public debt that will be passed to our children, grandchildren, and subsequent generations. I am not opposed to the reduction or elimination of any government spending program. Yet, politicians tend to call for reduced spending in general terms and fail to publicly declare specific cuts they would make. The primary cause of the massive U.S. public debt is revenue reductions (in the form of tax cuts) without similar decreases in government spending.
I am willing to consider the expansion and addition of government programs as well. I do not mind how much or little the government provides to society as long as it is paid for. I am willing to pay higher taxes for services deemed worthy, whether they be national defense, homeland security, or income assistance to those less fortunate than I. And I am certainly willing to pay less in taxes or to deposit any government check I receive. My generation, the Baby Boomers, has been very good at cutting taxes and increasing the size of government, regardless of which political party is in power. This is a prescription for financial chaos that remains a horrible legacy for future generations.
About Me
- JOHN BUCK
- Jacksonville, Florida
- I am a professor of economics at Jacksonville University, where I teach courses in introductory economics, comparative economic development, and globalization. I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.
Buy the book, Economic Perspectives by John Buck, from ...
The best thing a lot of congressman could do to help the counrty is resign.
ReplyDelete