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.

  • The Panama Canal Project Facilitates World Trade.

    World Trade Spin

    Jul 17, 12 • 392 Views • No Comments

    We might be able to divide the world between economic thinkers and everyone else. I noted yesterday that economist Gregory Mankiw, as President Bush’s Council of Economic Advisers chair, said that outsourcing was probably a plus in the long run. Hearing......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Assessing Outsourcing

    Jul 16, 12 • 678 Views • 4 Comments

    Until November 6, at econlife, Mondays will be about presidential election economics. In 2004, when President Bush’s Council of Economic Advisers chairman, Harvard professor Greg Mankiw, was lambasted for saying, “… I think outsourcing is a......  [read more]

  • Sometimes Flying Costs More Than Money

    Jul 14, 12 • 418 Views • No Comments

    What to do when you’ve paid extra for an aisle seat and a person asks you to switch with his wife so that they can sit next to each other? Do you say yes or endure his irritation through the entire flight? Watching, an economist might have cited a negative......  [read more]

  • Three awards

    A Euro Zone Olympic team?

    Jul 13, 12 • 378 Views • No Comments

    Sharing a larger and more varied pool of European talent was supposed to create an economic synergy. Starting with the European Coal and Steel Community in 1951, the first step was free trade. Nations were added, trade barriers disappeared, and by 2002, they......  [read more]

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    What is the Fiscal Cliff?

    Jul 11, 12 • 354 Views • No Comments

    The fiscal cliff is composed of 8 tax and spending events. Permitting all to occur might be the equivalent of jumping over the edge in an economic dive. Tax Increases Bush era tax cuts: expire 2010-2011 2% payroll tax cut: expires Affordable Care Act taxes:......  [read more]