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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    A Budget Cut Mirage

    Feb 12, 11 • 281 Views • No Comments

    Reacting to concern about the federal deficit, the Republican leadership seems to be targeting $100 billion in discretionary spending cuts. Similarly, for his fiscal 2012 budget, President Obama recommends a 5-year freeze on non-security discretionary...  [read more]

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    Who Needs a License?

    Feb 9, 11 • 320 Views • No Comments

    What does a hair salon “shampoo specialist” have in common with a private detective? In certain states, each needs a license to do business. But what might licensing involve? For a Texas shampooer, it includes 150 hours of classes while a...  [read more]

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    A Race Between Supply and Demand

    Feb 7, 11 • 322 Views • No Comments

    In a wonderful Chip Bok cartoon, a child starts by asking, “Why are gas prices so high?” and is told, “Turmoil in the Mid East.” Then, asking about the turmoil, he is told the source is “High Food Prices.” The reason for...  [read more]

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    Getting the Most From Our Money

    Feb 3, 11 • 270 Views • No Comments

    In 2020, according to the World Health Organization, traffic fatalities will be the second leading cause of deaths in the world. Moreover, in the U.S. alone, approximately 57 million birds are killed by cars annually. (from Cool It, p. 154) So, asks Bjorn...  [read more]

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    Hot Spotting Medical Care

    Jan 28, 11 • 284 Views • No Comments

    These are the statistics: 900 people; 4,000 hospital visits; $200 million in medical bills from January 2002 through June 2008. The place is Camden, N.J. where a relatively small number of people were responsible for a huge proportion of the city’s...  [read more]