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.

  • QE3 and the Baby Boomers

    Sep 14, 12 • 424 Views • No Comments

    At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Bernanke was asked, “What about the savers?” Both......  [read more]

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    iPhone 5 Economics

    Sep 13, 12 • 3289 Views • No Comments

    Explaining the probable impact of the new Apple iPhone, one UPS employee recalled the impact of the last new iPad launch.  At its internal hubs, UPS created more work hours for part timers and enjoyed more revenue because of the volume spike that lasted for......  [read more]

  • How much should cities plan for the storm of the century?

    A Weather Dilemma for NYC

    Sep 12, 12 • 424 Views • No Comments

    In NYC, the last time that the East River touched the Hudson River (see below) was on September 3, 1821 when a hurricane struck directly and the tide rose 13 feet in one hour. Should the city plan for it to happen again? Along its 520 mile long coastline, New......  [read more]

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Tax Matters

    Sep 10, 12 • 438 Views • No Comments

    The candidates agree that tax proposals need to focus on reducing the deficit and on government spending. After that, the divide on tax policy is considerable. To narrow the gap between revenue and spending, President Obama supports a higher tax rate for the......  [read more]

  • The Fed Debate

    Sep 5, 12 • 618 Views • No Comments

    10 years ago, the future Federal Reserve Chairman Ben Bernanke said to Nobel laureate Milton Friedman, “Regarding the Great Depression. You’re right, we did it. We’re very sorry. But thanks to you, we won’t do it again.” What......  [read more]