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.

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    Too Safe?

    Sep 13, 11 • 273 Views • No Comments

    Assume for a moment that you have to decide whether to install body scanners at every airport in the U.S. Knowing a decision to proceed will make everyone safer, you say, “Yes.” But, what if you first were told that there was a 1 in 3.5 million...  [read more]

  • The Congress and the Fiscal Cliff

    Is Government the Solution or the Problem?

    Sep 9, 11 • 268 Views • No Comments

    Maybe everyone got something from President Obama’s jobs plan. According to the Washington Post’s Ezra Klein, the “right” got tax cuts, the “left” got help for the unemployed and infrastructure spending, and everyone will...  [read more]

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    Environmental Dilemmas

    Sep 8, 11 • 274 Views • 1 Comment

    The environment or employment? Smart meters: Environmentally superior, they automatically transmit data about electricity usage. As a result, we can better manage our demand for energy. The tradeoff? Even including smart meter R & D, IT services,...  [read more]

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    Economic Humor

    Sep 7, 11 • 885 Views • 1 Comment

    For laughter and economic insight, the following are wonderful. A Cartoon: From gocomics.com, a very hypothetical illustration of “The First Economist.” A Daily Show Excerpt: Treasury Secretary Tim Geithner’s problems with selling his house....  [read more]

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    Looking at Labor

    Sep 5, 11 • 262 Views • No Comments

    What if a physical trait meant you will earn $230,000 less during a lifetime?   According to one study, a person who was in the bottom one-seventh for looks earned 10% to 15% less than people who were in the top one-third. In a NY Times column, a...  [read more]