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.

  • 16823_5.10_000000361249XSmall

    Paying Kids For Good Grades

    Dec 24, 11 • 541 Views • No Comments

    What happens when you combine a $100 student payment with a teacher bonus for high A.P. grades, better lab equipment, free tutoring, Saturday classes and extra teacher training? At one Boston school, the results for an A.P. statistics class were: A surge in......  [read more]

  • 16819_1.1.11_000013974174XSmall

    Looking back at 2011

    Dec 22, 11 • 461 Views • No Comments

    After looking at these 18 charts, I thought, what you learn depends on whom you ask. Created by Washington Post journalist Ezra Klein, the slide show is from “some of his favorite economists” who were asked for “the graph that had done the......  [read more]

  • 16803_nestegg..12.19.11_000003009431XSmall

    Inheritance Issues

    Dec 19, 11 • 1112 Views • No Comments

    From 1941 to 1976, for $10 million and more, the top federal estate tax rate was 77%. $10 million in 1941 would equal $153,897,959.18 today. $10 million in 1976 would equal $39,759,226.71 today. Referring to new federal estate tax legislation......  [read more]

  • 16805_cash register.12.14.11_000008894661XSmall

    A Cashless Payoff

    Dec 14, 11 • 650 Views • No Comments

    Paying with a phone swipe makes Starbucks lines move faster. Less time in line means more productivity and society benefits. So, should we accelerate our movement toward a cashless society? Imagine having no currency. No wallets necessary? A useless U.S.......  [read more]

  • Thomas Sargent and Cutting the deficit

    Alexander Hamilton, George Washington and the Euro Zone

    Dec 13, 11 • 536 Views • No Comments

    How to decide euro zone policy today? Just look at the U.S. between 1780 and 1840. Saturday, in his Nobel Prize lecture, economist Thomas J. Sargent compared the past U.S. to the current euro zone. He based his talk on 4 questions: Should governments default......  [read more]