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.

  • Three awards

    A Euro Zone Olympic team?

    Jul 13, 12 • 392 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 • 367 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]

  • Everyday economics and U.S. GDP

    How Wealthy is Your Nation?

    Jul 5, 12 • 439 Views • No Comments

    When someone asks about your wealth, don’t you consider more than your income? A new UN report explains where countries might do the same thing. The report suggests that we focus more on a country’s land and capital assets. By land, they mean......  [read more]

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    New Soda War Battles

    Jul 3, 12 • 446 Views • No Comments

    “It’s worth fighting for. . . . This is about our economy, it’s about jobs, it’s also about our traditions and our values.” The speaker was John Kerrey and the topic was the cranberry. Worried that sugary beverage limitations could move far beyond......  [read more]

  • Tomatoes

    Tomatoes, Health Care and Unintended Consequences

    Jun 30, 12 • 272 Views • No Comments

    Trying to make pretty tomatoes, plant breeders inadvertently created a tasteless fruit. It all started 70 years ago with a gene mutation that evenly ripened tomatoes. Seeing the commercial potential of uniformly colored bright red tomatoes, growers bred the......  [read more]