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.

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    A Budget Question

    Mar 14, 11 • 289 Views • No Comments

    Thought to have saved many lives, a Japanese early warning system sent a media alert seconds before the earthquake struck.  The system took 12 years to implement and cost close to $500 million. A similar warning system for the U.S. west coast is being...  [read more]

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    More Education Matters

    Mar 12, 11 • 250 Views • No Comments

    15-year old U.S. students ranked #24 for math in an OECD assessment program (PISA). For reading, they placed #15. In a Teaching Company lecture called “Underperforming Schools” Wake Forest economist Robert Whaples suggests how we might raise our...  [read more]

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    Would You Use the Strategic Petroleum Reserve?

    Mar 10, 11 • 208 Views • No Comments

    I am not sure what a giant salt cave is and cannot quite imagine 727 million barrels of oil. But, put them together and you have our Strategic Petroleum Reserve.  Concerned with supply disruptions after an OPEC embargo during the 1970s, Congress...  [read more]

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    What is Best For Growth?

    Mar 3, 11 • 212 Views • No Comments

    What if the Congress decides to slash spending by $60 billion right now? Prominent economists are again disagreeing. According to Stanford economist John Taylor, we would have a resurgence of business confidence, renewed investment spending and new jobs....  [read more]

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    Smog-Eaters

    Mar 2, 11 • 432 Views • No Comments

    What if someone had invented “smog-eating” concrete roof tiles? And, what if these tiles consumed enough smog to offset one car’s nitrous oxide emissions during one year (10,800 miles of driving)? Telling us that a firm in California has...  [read more]