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.

  • 16112_3.1_000005787159XSmall

    How Much Should Grandma Pay?

    Jan 14, 11 • 252 Views • No Comments

    When your Grandma gets her yearly physical, the doctor gets a check from the government. Did you ever wonder, though, who decides how much? Because she had to sign up for Medicare at 65, the market did not decide the price and neither did her doctor. Instead,...  [read more]

  • 16124_1.11_000013695977XSmall

    Solar Panel Comments

    Jan 11, 11 • 241 Views • No Comments

    Sometimes there’s much more behind a solar panel than you would expect. Solar energy was in the news because the U.S. Congress, hoping to support U.S. production, has prohibited the Department of Defense from buying Chinese made solar technology. And...  [read more]

  • 16116_6.30_000005521931XSmall

    Doomster or Boomster?

    Jan 6, 11 • 1183 Views • No Comments

    Agree or disagree? “Both the jayhawk and the man eat chickens, but the more jayhawks, the fewer chickens, while the more men, the more chickens.” The quote is from 19th century economist Henry George but it relates to a report from the FAO (Food...  [read more]

  • 16114_3.19_000010421717XSmall

    Auto Innovation

    Jan 5, 11 • 249 Views • No Comments

    Saying, “I believe the people who invented the auto cannot abandon it,” President Obama supported the bailout of General Motors. Economist Joseph Schumpeter would have been horrified. The man who explained “creative destruction,”...  [read more]

  • 16098_6.16_000006078784XSmall

    Austerity and Harry Truman

    Dec 31, 10 • 287 Views • No Comments

    What are people saying about austerity, the 2010 word of the year? According to Dr. Econ at the San Francisco Federal Reserve, households are demonstrating austerity by saving more and borrowing less. On the one hand, living within our means is good. But on...  [read more]