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Government|Household analogy


Government-Household analogy - Wikipedia

The analogy has been characterized by economists as misleading and false, as the functions and constraints of governments and households are vastly dissimilar.

A government is not a household | New Economics Foundation

The household analogy is simple: the government needs to live within its means. Like a typical household, if the government consistently ...

The origins of the 'household analogy' - Tax Research UK

The idea is quite specifically proposed that the government is akin to a household and must budget its affairs in a similar fashion. It should ...

The Government Is Not a Household: A Long-Term Perspective on a ...

The metaphor invokes an indebted household that ought to curtail its spending to avoid accumulating more debt and to pay down over time the bills that have ...

The household analogy is an absolutely great way to describe ...

Much tutting over a reporter using the “household analogy” to describe government debt. The thing is, for all the squealing that no, no ...

Why government debt is not like household borrowing - The Guardian

Sunak and Reeves have also used the household analogy. What's wrong with the comparison? Households have a limit on how much they can borrow ...

Are Policy Analogies Persuasive? The Household Budget Analogy ...

Analogies hold where similar relationships and systems of relationships hold across different objects. As such, analogies 'capture parallels across different ...

Governments Are Nothing Like Households - Forbes

Politicians like to describe government as like a household. When you've borrowed too much, you cut your spending so you can pay off debt, ...

Why comparing federal and household budgets doesn't work

Last month, House Speaker Kevin McCarthy discussed the debt limit and government spending on Fox News. “What I really think we should do is ...

Government finances are not like those of any household

So, the government is nothing like a household precisely because it has this legal power to create money and to tax. Now let's also talk about ...

Household Analogy Revisited: How do Japanese People Respond ...

`Household analogy' is a form of rhetoric that equates the government budget with a household one and is typically used to advocate fiscal ...

The “Household Fallacy” fallacy - Institute of Economic Affairs

“… the assumption that the government behaves like a household with regard to debt is just wrong. Households can't create their own money ...

Are Policy Analogies Persuasive? The Household Budget Analogy ...

For instance, a prominent explanation for the acceptance of austerity is that voters understand government deficits through an analogy to ...

What if a typical family spent like the federal government? It'd be a ...

Fair enough. This analogy seems incomplete, though. We should take it further. If the typical family — let's call them the Smiths — really did ...

Are Policy Analogies Persuasive? The Household Budget Analogy ...

... Household analogy' is a form of rhetoric that equates the government budget with a household one and is typically used to advocate fiscal consolidation ...

The False “Family Analogy” Argument for a Balanced Budget ...

Families must balance their budget every year, proponents of a constitutional balanced budget amendment often argue, so why shouldn't the ...

Rethinking the Federal Budget and Household Budget Analogy

Often in these debates, pundits and others make the claim that since households have to balance their budgets, the federal government should do ...

Household Analogy Revisited: How do Japanese People Respond ...

PDF | `Household analogy' is a form of rhetoric that equates the government budget with a household one and is typically used to advocate ...

Philip Hammond ought to dispel the economic myths that hold ...

To understand why the government/household analogy is false it is important to understand that the balance of the government budget, unlike ...

Are Policy Analogies Persuasive? The Household Budget ... - CDN

For instance, a prominent explanation for the acceptance of austerity is that voters un- derstand government deficits through an analogy to ...