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: Meeting Paul Ryan’s Economic Muse

    Aug 13, 12 • 820 Views • 2 Comments

    People tend to ask, “Who??” when Friedrich von Hayek is named as Paul Ryan’s economic muse. Our purpose right now is to get to know some Hayek basics to see what Ryan brings to the Romney/Ryan candidacy. Austrian born, a naturalized British......  [read more]

  • Tax Revenue

    Do You Agree With French Taxes?

    Aug 9, 12 • 464 Views • No Comments

    Talking about taxes, economists like to quote Louis XIV’s finance minister: “The art of taxation consists of so plucking the goose as to obtain the largest amount of feathers with the least possible amount of hissing.” We have been hearing a......  [read more]

  • Industries afflicted with Baumol's Disease have slower productivity growth.

    Cheesecake Medicine?

    Aug 7, 12 • 385 Views • No Comments

    Could Cheesecake Factory help us fix our healthcare system? Touring the kitchen of a Cheesecake Factory restaurant, you would see arrival, refrigeration and storage areas, and cutting, mixing, chopping and combining zones. Preparing the 308 dinner choices......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Unemployment

    Aug 6, 12 • 374 Views • No Comments

    Let’s look first at unemployment and then at the candidates. 1. Defining unemployment: Our unemployment story starts with the census of 1880.  For the first time, the federal government tried to gauge unemployment by asking all people age 10 or older......  [read more]

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    Remembering Milton Friedman

    Jul 31, 12 • 482 Views • No Comments

    Split down the middle, opinion about the US economy puts private initiative or government first. Those who place individual enterprise first believe most private income belongs to those who generate it. By contrast, government’s advocates see a......  [read more]