http://www.apostlesandmarkets.com Christianity and Economics Thu, 08 Jul 2010 16:19:41 +0000 http://wordpress.org/?v=2.9 en hourly 1 http://www.apostlesandmarkets.com/2010/07/08/christina-romer-on-taxes/ http://www.apostlesandmarkets.com/2010/07/08/christina-romer-on-taxes/#comments Thu, 08 Jul 2010 16:08:53 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=1299
Economist Christina Romer and economist husband David Romer have a new way of measuring the effects of tax changes on the economy. One of their findings is that tax increases reduce GDP (national income) and that tax decreases stimulate the national economy. In short, tax increases appear to have a very large, sustained, and highly [...]]]> http://www.apostlesandmarkets.com/2010/07/08/christina-romer-on-taxes/feed/ 0 http://www.apostlesandmarkets.com/2009/03/06/visualizing-trillions/ http://www.apostlesandmarkets.com/2009/03/06/visualizing-trillions/#comments Fri, 06 Mar 2009 12:00:14 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=921
When I teach macroeconomics, we cover national income accounting and use lots of large numbers. I’ll ask students what they think the difference is between a million, a billion, and a trillion seconds of time, for a comparison of how these amounts might be related in dollar terms. The difference is jarring. A million seconds is about 11.5 [...]]]> http://www.apostlesandmarkets.com/2009/03/06/visualizing-trillions/feed/ 2 http://www.apostlesandmarkets.com/2009/02/05/joseph-zoric-on-the-stimulus-package/ http://www.apostlesandmarkets.com/2009/02/05/joseph-zoric-on-the-stimulus-package/#comments Thu, 05 Feb 2009 18:22:49 +0000 Joseph Zoric http://www.apostlesandmarkets.com/?p=772
“There is no disagreement that we need action by our government, a recovery plan that will help jumpstart the economy.” (President-Elect Barack Obama, January 9, 2009) “With all due respect Mr. President, that is not true. Notwithstanding reports that all economists are now Keynesians and that we all support a big increase in the burden of [...]]]> http://www.apostlesandmarkets.com/2009/02/05/joseph-zoric-on-the-stimulus-package/feed/ 0 http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/ http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/#comments Tue, 16 Dec 2008 19:50:18 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=561
To borrow a frequently uttered and painfully obvious observation from Everett, George Clooney’s character in the film “O Brother, Where Art Thou,” we’re in a tight spot. But so are economic policy makers. On the one hand, the federal funds rate is now so low that further interest rate cuts designed to encourage lending and investment, like the Fed’s historic action [...]]]> http://www.apostlesandmarkets.com/2008/12/16/between-a-liquidity-trap-and-stimulus-hard-place/feed/ 0 http://www.apostlesandmarkets.com/2008/10/23/perfect-economic-storm/ http://www.apostlesandmarkets.com/2008/10/23/perfect-economic-storm/#comments Thu, 23 Oct 2008 15:55:30 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=307
One of the more helpful editorials (among many) in the pages of the Wall Street Journal is Michael J. Boskin’s piece in today’s Journal Our Next President and the Perfect Economic Storm. To counter the simplistic claim that the recent housing and financial turmoil is the result of free markets and deregulation Mr. Boskin points to [...]]]> http://www.apostlesandmarkets.com/2008/10/23/perfect-economic-storm/feed/ 0 http://www.apostlesandmarkets.com/2008/09/25/stabilization/ http://www.apostlesandmarkets.com/2008/09/25/stabilization/#comments Thu, 25 Sep 2008 17:11:51 +0000 Stephen J. Haessler http://www.apostlesandmarkets.com/?p=135
The St. Simon lesson explores scriptural references to economic stability, Catholic perspectives on the proper role of the state in promoting human dignity, and the economics of monetary and fiscal stabilization policies. Students apply what they learned by writing and presenting a report on current macroeconomic conditions and appropriate economic and moral policy proscriptions. ]]> http://www.apostlesandmarkets.com/2008/09/25/stabilization/feed/ 0