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.

  • The US is again hitting its debt ceiling.

    The Federal Budget: Sequester Facts

    Feb 28, 13 • 558 Views • No Comments

    Understanding the sequester means we have to start with the Supercommittee. Formed during 2011, the Supercommittee was the solution to the debt ceiling impasse. At the time, the Congress refused to pass a debt ceiling increase unless we had a plan to cut......  [read more]

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    The GDP: French Labor

    Feb 27, 13 • 627 Views • No Comments

    By changing its GDP, France could make its economy look more robust. It also might defuse criticism from the CEO of tire maker Titan. Yes? Probably not but the issues are fascinating. In 2008, French President Nicholas Sarkozy asked Nobel Prize winning......  [read more]

  • Job Gains in Texas and Losses in Caifornia and Florida

    Minimum Wage: The Tradeoff

    Feb 19, 13 • 1262 Views • No Comments

    Should you support a $9.00 minimum wage? Expressed in a Boston Fed report, the competing arguments on both sides are persuasive. Proponents emphasize the additional spending that will be created, the minimal, if any, job losses, and their support for low......  [read more]

  • Tesla Model S

    A Federal Subsidy: The Tesla Test

    Feb 15, 13 • 686 Views • No Comments

    The trip in the  $101,000 Tesla Model S along part of the East Coast was supposed to be uneventful. With 2 ultra fast charging stations in Newark, Delaware and Wilton Connecticut, the power was available. For the 1/2 ton lithium battery, a 30 minute......  [read more]

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    How Has The Safety Net Affected the Unemployment Rate?

    Feb 5, 13 • 436 Views • No Comments

    University of Chicago economist Casey Mulligan believes that the US unemployment rate has remained high because of many separate public policy changes. Big and small, each one influenced workers, businesses and consumers by creating new incentives. For......  [read more]