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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    Baseball Salaries and Taxes

    Apr 14, 11 • 272 Views • No Comments

    There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd baseman Alex Rodriguez earns the most; #2 is LA...  [read more]

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    The Price of Rice

    Apr 13, 11 • 303 Views • No Comments

    What would make you switch what you eat every day? The Indonesian government is using an ad campaign to try to get people to change their daily diet. Their slogan is, “One Day No Rice.” With per person consumption at 275 pounds of rice a year,...  [read more]

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    Food or Energy?

    Apr 11, 11 • 336 Views • No Comments

    Biofuels create dilemmas. Whenever nations mandate converting corn or sugar into biofuel, their prices soar. People whose diets depend on these commodities are the first to suffer. What to do? Lower food prices or increase energy conservation? China’s...  [read more]

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    Comparing Central Banks

    Apr 9, 11 • 371 Views • No Comments

    Perhaps we can divide the world between inflation fighters and recession fighters. Right now, most of the inflation fighters are in the developing world. In Brazil, Russia, India and China (the BRICs), more expensive food and energy and growing demand are...  [read more]

  • The Congress and the Deficit

    Budget Issues

    Apr 7, 11 • 308 Views • No Comments

    There are so many budget issues. How to remember them? You might think of 3 and 8. 3 decisions: 1) The shutdown: There might be a partial government shutdown on Friday, April 8, because Congress cannot agree on the 2011 budget. So far, where necessary,...  [read more]