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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    Speedy Airplane Boarding

    Aug 23, 11 • 482 Views • 1 Comment

    Closely connected to an airline’s bottom line, speedy boarding means more efficiency. Here you can see the following alternative boarding strategies in action. Front to back: Least popular. Early boarders block those who follow them. Back to Front Very......  [read more]

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    Sole Rights?

    Aug 12, 11 • 568 Views • 2 Comments

    Suddenly, a red sole has become much more than the bottom of a shoe. The trademark of designer Christian Louboutin, his red soles are supposed to represent glamour, luxury and hidden status. Or, as stated by Mr. Louboutin, “A shoe has so much more to......  [read more]

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    Double Dips

    Aug 7, 11 • 426 Views • No Comments

    We do not know whether a double dip has begun. Cascading during 2008 and the first half of 2009, the GDP then began to climb. Only if it drops again will we have a double dip. In the NY Times, financial journalist Floyd Norris does a beautiful job of......  [read more]

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    Unintended Tax Consequences

    Aug 6, 11 • 382 Views • No Comments

    Protesting a proposed luxury tax for pet grooming, Chicago’s Soggy Paws canine clients wore signs saying “…please don’t tax my haircut.” The politicians who were hoping for more revenue might have been disappointed. Some......  [read more]

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    Government Matters

    Aug 4, 11 • 366 Views • No Comments

    Which do you prefer, “free” or “fair?” We have free speech, a free press, freedom of religion. The Declaration of Independence, the Constitution and the Bill of Rights refer to “free” but never “fair.”......  [read more]