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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    Inheritance Issues

    Dec 19, 11 • 929 Views • No Comments

    From 1941 to 1976, for $10 million and more, the top federal estate tax rate was 77%. $10 million in 1941 would equal $153,897,959.18 today. $10 million in 1976 would equal $39,759,226.71 today. Referring to new federal estate tax legislation...  [read more]

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    A Cashless Payoff

    Dec 14, 11 • 466 Views • No Comments

    Paying with a phone swipe makes Starbucks lines move faster. Less time in line means more productivity and society benefits. So, should we accelerate our movement toward a cashless society? Imagine having no currency. No wallets necessary? A useless U.S....  [read more]

  • Thomas Sargent and Cutting the deficit

    Alexander Hamilton, George Washington and the Euro Zone

    Dec 13, 11 • 342 Views • No Comments

    How to decide euro zone policy today? Just look at the U.S. between 1780 and 1840. Saturday, in his Nobel Prize lecture, economist Thomas J. Sargent compared the past U.S. to the current euro zone. He based his talk on 4 questions: Should governments default...  [read more]

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    A Line Primer

    Dec 10, 11 • 337 Views • No Comments

    Done with grocery shopping, you scan the registers and select the shortest line. Standing there for 2 minutes, your time flies. Another minute? Okay. But then, according to research, when the time hits 4 minutes, you believe you have been there for 6 and 5...  [read more]

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    Do You Care If You’ve Got Mail?

    Dec 5, 11 • 335 Views • No Comments

    In Canada, when postal workers went on strike because of wage cut proposals, many people were saying, “Who Cares?” In the U.S., Hallmark and Amazon have said that they do care about the future of the Postal Service. If asked, approximately 650,000...  [read more]