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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    Why Are Most of Us Middle Class?

    Aug 28, 12 • 421 Views • No Comments

    “What then is the American, this new man?…He is an American, who, leaving behind him all his ancient prejudices and manners receives new ones from the new mode of life he has embraced, the new government he obeys, and the new rank he......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Aging Challenges

    Aug 27, 12 • 422 Views • No Comments

    If you lined up everyone in the United States by age, the middle person would be close to 37.1 years old. In 1850, the median age was 19, for 2000 close to 35 and by 2050, we expect that middle individual will be 41. Accelerated by baby boomers who started......  [read more]

  • Decisions Have An Opportunity Cost That Require Tradeoffs

    Guns or Yogurt?

    Aug 26, 12 • 491 Views • No Comments

    It appears that the New York State legislature will soon experience a clash between gun producers and gun control advocates. These quotes sum it all up: A Remington employee: “In my eyes, Remington goes away, Ilion goes away.” A gun control......  [read more]

  • Salary Secrecy

    Aug 23, 12 • 362 Views • No Comments

    What happens when everyone knows how much you earn? A Boulder, Colorado firm, has voluntarily decided to let workers check a spreadsheet and see what others take home. One employee said she likes it, even when she discovers someone earns more. “I am......  [read more]

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

    Election Economics: How Successful is the US Healthcare System?

    Aug 20, 12 • 591 Views • No Comments

    It might be tough to use statistics to judge US health care. Among OECD countries (Organization for Economic Cooperation and Development), from 1980 to 1999, for life expectancy, the US ranked #19 and Canada was #5. However, the order flips–US #1 and......  [read more]