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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    A Race Between Supply and Demand

    Feb 7, 11 • 260 Views • No Comments

    In a wonderful Chip Bok cartoon, a child starts by asking, “Why are gas prices so high?” and is told, “Turmoil in the Mid East.” Then, asking about the turmoil, he is told the source is “High Food Prices.” The reason for...  [read more]

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    Getting the Most From Our Money

    Feb 3, 11 • 238 Views • No Comments

    In 2020, according to the World Health Organization, traffic fatalities will be the second leading cause of deaths in the world. Moreover, in the U.S. alone, approximately 57 million birds are killed by cars annually. (from Cool It, p. 154) So, asks Bjorn...  [read more]

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    Hot Spotting Medical Care

    Jan 28, 11 • 236 Views • No Comments

    These are the statistics: 900 people; 4,000 hospital visits; $200 million in medical bills from January 2002 through June 2008. The place is Camden, N.J. where a relatively small number of people were responsible for a huge proportion of the city’s...  [read more]

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    Waste and Cost

    Jan 27, 11 • 246 Views • No Comments

    Who could possibly have disagreed with President Obama when, in his State of the Union address, he said we have to eliminate wasteful regulations?  Some very important people. Emory University economics professor, Paul Rubin, explained in a WSJ article...  [read more]

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    Who Should Do Drug Research?

    Jan 26, 11 • 212 Views • No Comments

    Yes or No? Government should pay for high school education? A court system? Roads? Lighthouses? Drug research? In his blog, Mike Mandel disagrees with spending plans for the National Institutes of Health. As described by the NY Times, a National Center for...  [read more]