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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    Double Dips

    Aug 7, 11 • 259 Views • No Comments

    We do not know whether a double dip has begun. Cascading during 2008 and the first half of 2009, the GDP then began to climb. Only if it drops again will we have a double dip. In the NY Times, financial journalist Floyd Norris does a beautiful job of...  [read more]

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    Unintended Tax Consequences

    Aug 6, 11 • 267 Views • No Comments

    Protesting a proposed luxury tax for pet grooming, Chicago’s Soggy Paws canine clients wore signs saying “…please don’t tax my haircut.” The politicians who were hoping for more revenue might have been disappointed. Some...  [read more]

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    Government Matters

    Aug 4, 11 • 217 Views • No Comments

    Which do you prefer, “free” or “fair?” We have free speech, a free press, freedom of religion. The Declaration of Independence, the Constitution and the Bill of Rights refer to “free” but never “fair.”...  [read more]

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    GDP Solutions

    Aug 2, 11 • 271 Views • No Comments

    It is all about GDP.  In this article, the WSJ does a good job of explaining how each GDP component might solve our problems…or make them worse. Consumer Spending: The largest part of GDP, consumer spending has propelled recovery in the past. With...  [read more]

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    Do We Need Area Codes?

    Aug 1, 11 • 294 Views • No Comments

    What if the 3 digits that precede your phone number no longer related to a place? Known as “number depletion,” phone companies use area codes because we are running out of numbers. But need the numbers have geographical significance? Calls outside...  [read more]