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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    How Many People Are Hungry?

    Jun 7, 11 • 281 Views • No Comments

    The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By......  [read more]

  • Inventions that Fuel Economic Growth

    Health Care and Steamboats

    Jun 4, 11 • 361 Views • No Comments

    Health care and steamboats are related. The link is the Commerce Clause of the Constitution. Hoping to promote a single national economy, the framers of the Constitution said that the Congress has the power to, “regulate Commerce with foreign nations......  [read more]

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    Old and Young States

    May 31, 11 • 373 Views • No Comments

    Maine is an old state. At 42.7, the median age of Maine’s population is the highest in the U.S. The youngest state is Utah (large families and many children), with a median age of 29.2. Other “young states” include Texas and Alaska. And,......  [read more]

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    Barbecue Inflation (A Hot Topic?)

    May 26, 11 • 409 Views • No Comments

    Shopping for your Memorial Day barbecue, you will pay close to 29% more than a year ago. According to the New York Post, not only is a gallon of gas up 44% in the NY area, but also, lettuce will cost you 28% more and tomatoes, 86%. In addition, the New York......  [read more]

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    Too Big To Fail

    May 25, 11 • 328 Views • No Comments

    The HBO documentary, “Too Big To Fail” was excellent. But what to come away with? TBTF (Too Big To Fail) solves problems and it creates them. TBTF can reverse a confidence crisis. When the world is worried that the failure of a large bank will......  [read more]