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.

  • Self-interest represents the seeds that blossom into economic growth.

    How Wealthy is Your Nation?

    Jul 5, 12 • 411 Views • No Comments

    When someone asks about your wealth, don’t you consider more than your income? A new UN report explains where countries might do the same thing. The report suggests that we focus more on a country’s land and capital assets. By land, they mean......  [read more]

  • Fruit cranberries drink

    New Soda War Battles

    Jul 3, 12 • 407 Views • No Comments

    “It’s worth fighting for. . . . This is about our economy, it’s about jobs, it’s also about our traditions and our values.” The speaker was John Kerrey and the topic was the cranberry. Worried that sugary beverage limitations could move far beyond......  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 251 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the......  [read more]

  • The Price of a Life

    Jun 29, 12 • 363 Views • No Comments

    I get concerned when people say we may need to start rationing health care. Like most goods and services, because there is a limited supply of health care, we have always rationed it. In some way, we had to decide who would get more and who would get less.......  [read more]

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    Understanding Germany

    Jun 28, 12 • 325 Views • No Comments

    Are Germans thinking, “We did it and now it’s your turn?” Ten years ago, Germany’s unemployment rate averaged more than 9% and economic growth was close to zero. Jobless workers, depending on their family status, were receiving 60-67%......  [read more]