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.

  • Obama/Biden and Romney/Ryan Issues

    Election Economics: Tax Matters

    Sep 10, 12 • 439 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 • 621 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]

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    Election Economics: More of the Jobs Story

    Sep 3, 12 • 519 Views • No Comments

    Here are some jobs facts that might be helpful when you listen to the candidates. During 1933, the unemployment rate was a cataclysmic 24.9%. Having entered office that year, FDR was re-elected in 1936 with unemployment still soaring but better at 16.9%. The......  [read more]

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    The Cafe Menu

    Aug 29, 12 • 462 Views • No Comments

    How will a 54.5 mpg CAFE (Corporate Average Fuel Economy) mandate affect us? We start with a mystery.  Because Minivans are big and heavy, they should be the source of a large proportion of all traffic fatalities in 2-car accidents. But they are not. Why?......  [read more]

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    Why Are Most of Us Middle Class?

    Aug 28, 12 • 446 Views • No Comments

    “What then is the American, this new man?…He is an American, who, leaving behind him all his ancient prejudices and manners receives new ones from the new mode of life he has embraced, the new government he obeys, and the new rank he......  [read more]