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.

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 665 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]

  • Our Transportation Infrastructure is Crumbling

    Who Will Pay For Our Roads?

    Sep 18, 12 • 424 Views • No Comments

    In President Obama’s State of the Union address last January, he referred to the problem of our crumbling transportation infrastructure. One solution is at the gas pump. When you filled your tank, you paid for fuel and probably also a road. In 1956, the......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Obama’s Keynesian Message

    Sep 17, 12 • 953 Views • No Comments

    Comparing Obama/Biden and Romney/Ryan economics, people name John Maynard Keynes and Friedrich von Hayek. Having looked at Hayek several weeks ago, let’s turn to Keynes now. During 1934, with unemployment high and production low, British economist John......  [read more]

  • QE3 and the Baby Boomers

    Sep 14, 12 • 394 Views • No Comments

    At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Bernanke was asked, “What about the savers?” Both......  [read more]

  • GDP...16843_5.2_9209625-gdp

    iPhone 5 Economics

    Sep 13, 12 • 3118 Views • No Comments

    Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed more revenue because of the volume spike that lasted for......  [read more]