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.

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Social Security

    Oct 8, 12 • 510 Views • No Comments

    Last year and the year before, Social Security collected less from the taxes that fund it than it paid to beneficiaries. All was okay though, because a trust fund exists for precisely that reason. With more than $2 trillion invested in US treasuries, the......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    A Tale of Two Surveys

    Oct 6, 12 • 412 Views • No Comments

    Everyone was surprised that the US unemployment rate for September dipped to 7.8%. Interpreting the number as evidence of an accelerated recovery, some people were delighted. Others advised caution, saying the statistical source of the unemployment rate is......  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Blame, Bias and Belief

    Oct 5, 12 • 352 Views • No Comments

    Having just begun The Sense of an Ending by Julian Barnes, I wanted to share a wonderful excerpt. While this student is commenting on the origins of the First World War, his comments take us far beyond. “Indeed, isn’t the whole business of......  [read more]

  • Everyday economics and U.S. GDP

    Job Creators or Robber Barons?

    Oct 3, 12 • 625 Views • 2 Comments

    I have confessed before that I admire the entrepreneurs who have been called the robber barons. Carnegie and steel, Rockefeller and oil, J.J. Hill and railroads, Morgan and money. These men and others from their 19th century world competed lethally. On the......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: What To Know For The First Presidential Debate

    Oct 1, 12 • 489 Views • No Comments

    Presidential debate moderator Jim Lehrer said there would be six 15-minute segments in the first presidential debate on October 3rd. Devoting the entire first half to “the economy,” he will also cover healthcare, the role of government, and......  [read more]