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.

  • The US is again hitting its debt ceiling.

    If You Were the Supercommittee…

    Nov 21, 11 • 305 Views • No Comments

    This simulation from Pew is a great way to understand what the supercommittee is trying to do. Called “the Pew Budget Challenge,” it presents close to 100 revenue and expenditure alternatives for bringing the debt down to 60% of GDP by 2021. You...  [read more]

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    California and Kentucky

    Nov 20, 11 • 324 Views • No Comments

    Could we compare California’s relationship with Kentucky to Germany and Greece? Somewhat like Germany and Greece… California and Kentucky share the same currency. California has a more vibrant economy than Kentucky’s. Workers in California...  [read more]

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    Stagnation or Education?

    Nov 19, 11 • 298 Views • No Comments

    Is the problem stagnation or education? For George Mason economist Tyler Cowen, it was all about his grandmother. Debating MIT economist Erik Brynjolfsson, Cowen reminded us that a long list of innovations including cars, antibiotics and refrigerators...  [read more]

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    Ben Franklin’s Turkey

    Nov 17, 11 • 337 Views • No Comments

    The bald eagle is our national bird but, according to Ben Franklin, the turkey should have been. In a letter to his daughter, he explains why. “True original natives,” turkeys are American birds. “…Though a little vain and silly, the...  [read more]

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    The Supreme Court and the Health-Care Law

    Nov 16, 11 • 297 Views • No Comments

    How to understand what the Supreme Court will look at when they decide whether parts of the health-care act are constitutional? In an excellent interactive graphic, the Washington Post identifies the issues that Supreme Court will consider: Individual...  [read more]