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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    Finding Food Deserts

    Jul 18, 11 • 247 Views • No Comments

    Having just learned that the US Department of Agriculture (USDA) has a food desert website, I am not sure how we should respond. The USDA tells us that in a food desert most low-income households have limited access to a supermarket or grocery store. In the...  [read more]

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    Amazon vs. California

    Jul 17, 11 • 293 Views • No Comments

    According to the Seattle Times, in 1996, Amazon’s CEO, Jeff Bezos said, “You have to charge sales tax to customers who live in any state where you have a business presence. It made no sense for us to be in California or New York.”...  [read more]

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    Grade Inflation

    Jul 16, 11 • 271 Views • No Comments

    Recent research indicates college students are studying less. Between 1961 and 2003, full time college students diminished their study time from 40 to 27 hours a week. And yet, they have been getting higher grades. In 1940, 15% of all students got A’s....  [read more]

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    Debt Ceiling 101

    Jul 15, 11 • 263 Views • No Comments

    During the month of August, if the U.S. hits its debt ceiling of $14.3 trillion and the Congress says, “No, you cannot borrow anymore,” then what will happen? During August, the U.S. will have $172B (billion) in federal revenues and $307B in...  [read more]

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    Which College Majors Earn More?

    Jul 14, 11 • 171 Views • No Comments

    Although the unemployment rate is 9.2% for the entire labor force, it is 4.4% for college grads (and 10% for high school graduates, no college). But which college graduates earn more? It depends on your undergraduate major. Counseling psychology or petroleum...  [read more]