Economic Debates

Most economic decisions can be debated. We have to decide whether we want higher or lower taxes, where to cut government spending, whether the deficit matters, if a business should have more regulation, if marginal analysis should affect environmental regulation. Learning about economics involves defending policy alternatives.

  • The Fed Debate

    Sep 5, 12 • 821 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]

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    Election Economics: More of the Jobs Story

    Sep 3, 12 • 679 Views • No Comments

    Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better at 16.9%. The......  [read more]

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    The Cafe Menu

    Aug 29, 12 • 621 Views • No Comments

    How will a 54.5 mpg CAFE (Corporate Average Fuel Economy) mandate affect us? We start with a mystery.  Because Minivans are big and heavy, they should be the source of a large proportion of all traffic fatalities in 2-car accidents. But they are not. Why?......  [read more]

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    Why Are Most of Us Middle Class?

    Aug 28, 12 • 605 Views • No Comments

    “What then is the American, this new man?…He is an American, who, leaving behind him all his ancient prejudices and manners receives new ones from the new mode of life he has embraced, the new government he obeys, and the new rank he......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Aging Challenges

    Aug 27, 12 • 620 Views • No Comments

    If you lined up everyone in the United States by age, the middle person would be close to 37.1 years old. In 1850, the median age was 19, for 2000 close to 35 and by 2050, we expect that middle individual will be 41. Accelerated by baby boomers who started......  [read more]