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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    Economic Disagreement

    Jun 6, 12 • 391 Views • No Comments

    Astronomy might help us understand US history according to biographer Walter Isaacson. We just need to think about binary systems in which 2 separately orbiting stars “are linked because of their gravitational interaction.” The tension between......  [read more]

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    Super Sized Sodas

    Jun 3, 12 • 359 Views • No Comments

    Given a huge tub of stale popcorn, people eat it. In a 2005 study, when 158 Philadelphia moviegoers received either 14-day old or freshly popped popcorn in a huge tub or a medium size container, those with the big bucket ate more. A lot more… 33% extra......  [read more]

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    The European Union “Family”

    Jun 2, 12 • 317 Views • No Comments

    The results of a European Pew Research opinion survey among 8 nations reminded me of a dysfunctional family. As you look at the tables below from the Pew Report, you might think of Germany as the successful sibling, Greece as the “black sheep,”......  [read more]

  • Should We Redesign the Dollar?

    May 31, 12 • 379 Views • 1 Comment

    Have you ever worried that you gave someone the wrong bill–maybe a ten rather than a dollar? With US currency, it is easy to make a mistake. After all, the US dollar bill, the five, the ten, the twenty, the fifty, the one hundred are mostly green,......  [read more]

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    Manufacturing and the Market System

    May 30, 12 • 335 Views • No Comments

    Adam Smith might look at recent increases in manufacturing and say, “The market works.” Here are some stories. One furniture manufacturer decided it could make consumers happier by moving back from China. Yes, it would mean paying a sander $10 an......  [read more]