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 Ideas: The Blame Frames

    Jun 29, 13 • 925 Views • No Comments

    Analyzing the housing bubble, we can all agree with some basic facts. If you look at the Case-Shiller Index, you would see that a typical home in a major US city was worth 26% less during April 2013 than November 2006. Then, at the end of 2006, the home......  [read more]

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    Monetary Policy: The Punch Bowl

    Jun 28, 13 • 620 Views • No Comments

    Sort of like Max in Maurice Sendak’s, Where the Wild Things Are, the Federal Reserve sometimes says, “And now, let the wild rumpus start.” Then though, Max cries out, “Now stop!” and sends “the wild things to bed without......  [read more]

  • Monetary Policy: QE Insight

    Jun 25, 13 • 691 Views • No Comments

    At a 2002 conference honoring Milton Friedman on his 90th birthday, then Federal Reserve Governor Ben Bernanke concluded his remarks with… “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you,......  [read more]

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    A National Market: The European Union

    Jun 23, 13 • 520 Views • No Comments

    Asked who is trustworthy, arrogant and compassionate, respondents in European Union nations offered a fascinating picture of how they perceive each other and themselves. Isn’t it interesting that the Italians named themselves as least trustworthy? And......  [read more]

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    Cost and Benefit: Calorie Counts

    Jun 19, 13 • 562 Views • No Comments

    Soon everyone will know that a Starbucks venti Double Chocolaty Chip Frappucino Blended Creme has 670 calories (200 calories more than turkey on whole wheat with mustard). Announcing that all of its company owned stores would post calorie counts on June......  [read more]