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: Assessing the Minimum Wage

    Jul 30, 12 • 422 Views • No Comments

    Currently at $7.25, should the federal hourly minimum wage rise to $9.80? Proposed legislation from House Democrats would increase the minimum wage in three steps, 85 cents a year for 3 years. After that, the amount would move upward with inflation. Advocates......  [read more]

  • The Congress and the Deficit

    Solving Our Economic Problems

    Jul 29, 12 • 363 Views • No Comments

    Having experienced an economic calamity, don’t we just need to figure out how to prevent it from happening again? Yes…but that might be impossible. MIT economist Andrew Lo read 21 books on the financial crisis. 11 were from academics, 10 from......  [read more]

  • Olympic Medal...olympics_000019262071XSmall

    Lessons For London

    Jul 28, 12 • 472 Views • No Comments

    Competing against Paris, Madrid, Moscow and London for the 2012 Summer Olympic Games, NYC made it to the second round and then joined Moscow when it was cut. Next, Madrid was eliminated, then Paris, and London remained. Was winning worth it? It depends.......  [read more]

  • arrow...16197_8.8_000011872893XSmall

    A Blurry Customer Focus

    Jul 27, 12 • 388 Views • No Comments

    Several years ago, I walked into my local bank branch at 5:55. Knowing that they closed at 6:00, I thought I had some time but they said I was too late. I said I had 5 minutes, they said no and by the time we had concluded our exchange, it was 6:00. They said......  [read more]

  • presidential election...campaign button_000016905913XSmall

    Election Economics: Assessing Dodd-Frank

    Jul 23, 12 • 513 Views • No Comments

    University of Chicago professor Luigi Zingales tells the story of being asked to tape his windows during a tornado watch in Boston. A similar mandate in Italy, he said, would mean that the brother of the mayor was in the tape business. Furthermore, when......  [read more]