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.

  • Ethanol’s Unintended Consequences

    Jun 17, 11 • 361 Views • No Comments

    http://online.wsj.com/article/SB10001424052702304432304576369933829499132.html?mod=WSJ_newsreel_opinion......  [read more]

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    Deja View

    Jun 15, 11 • 383 Views • No Comments

    3 giant redwoods were the problem. The issue was the view. Does a property owner have the legal right to a view of San Francisco Bay that his neighbors’ trees are blocking? Or, do the neighbors have the right to the privacy the trees provide? A view or......  [read more]

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    How Many People Are Hungry?

    Jun 7, 11 • 274 Views • No Comments

    The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By......  [read more]

  • Inventions that Fuel Economic Growth

    Health Care and Steamboats

    Jun 4, 11 • 356 Views • No Comments

    Health care and steamboats are related. The link is the Commerce Clause of the Constitution. Hoping to promote a single national economy, the framers of the Constitution said that the Congress has the power to, “regulate Commerce with foreign nations......  [read more]

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    Old and Young States

    May 31, 11 • 368 Views • No Comments

    Maine is an old state. At 42.7, the median age of Maine’s population is the highest in the U.S. The youngest state is Utah (large families and many children), with a median age of 29.2. Other “young states” include Texas and Alaska. And,......  [read more]