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.

  • Pension Tension

    Sep 23, 12 • 382 Views • Comments Off on Pension Tension

    First, a quiz today: How do… North Carolina, South Dakota, Washington, and Wisconsin differ from… Connecticut, Illinois, Kentucky, and Rhode Island? In 2010, the first group of states’ pension plans were at least 95% funded. The second......  [read more]

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    Gas Tax or CAFE?

    Sep 22, 12 • 540 Views • 1 Comment

    The goal is energy conservation. But what is the best way? During the end of August, our newest fuel economy standards were announced. Now CAFE, our Corporate Average Fuel Economy mandate, is close to 29 miles per gallon. The goal is 35.5 for 2016 and 54.5......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 733 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 • 450 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 • 999 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]