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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    CPI Concerns

    Jan 25, 11 • 389 Views • 1 Comment

    Should we care if China has a 5.1% annual inflation rate?  A little. The International Herald Tribune tells us that just 1/4 to 2/5 of the price we pay in the U.S. for an imported item reflects the cost of the good. Other slices of the price pie such as...  [read more]

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    More Deficit Dilemmas

    Jan 23, 11 • 258 Views • No Comments

    We could say that what you solve depends on what you see. When told about ballooning state deficits, people first see big numbers. Their response? Let’s cut spending. According to polls, though, when asked yes or no about cutting specific programs, most...  [read more]

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    A Broccoli Mandate?

    Jan 21, 11 • 255 Views • No Comments

    For one federal district judge, deciding whether parts of the new health care reform law are constitutional relates to, “What is economic?” Our story begins with a court hearing in Florida on December 16. States opposing the health care reform law...  [read more]

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    Pay-As-You-Throw

    Jan 19, 11 • 261 Views • No Comments

    Hearing Beethoven’s Fur Elise, a Taiwan resident knows the garbage truck is near. As described by a Washington Post writer, entire neighborhoods assemble with their garbage as the truck approaches. Called pay-as-you-throw (PAYT), through unit-pricing,...  [read more]

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    State Dilemmas

    Jan 16, 11 • 288 Views • No Comments

    Do higher taxes make you want to move? Hearing that taxes were going up in Illinois, the governor of Wisconsin said, “Escape to Wisconsin.” According to census figures, people do seem to be moving to no income tax states. One journalist explains...  [read more]