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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    Euro Problems

    May 10, 11 • 318 Views • No Comments

    This country had a national railroad that received $100 million euros a year in revenue but had expenses of $700 million. All public jobs paid an average of 3 times what the private sector paid. Beauticians, musicians and radio announcers were retiring with...  [read more]

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    Europe Day

    May 9, 11 • 354 Views • No Comments

    Can you imagine if every time someone from Brooklyn went to Manhattan, she had to use a different currency?   In an excellent NY Times Magazine article, economist Paul Krugman explains the euro zone. He tells how it began, describes the...  [read more]

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Fictitious Billionaires

    May 8, 11 • 367 Views • No Comments

    Having amassed her fortune as CEO of an electronics empire and through her inheritance, The Office’s Jolene “Jo” Bennett is ranked #11 on this year’s Forbes Fictional 15. You might enjoy this (fictitious) Forbes interview of Ms....  [read more]

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    Grade Redistribution

    May 7, 11 • 426 Views • No Comments

    In this video, college students approve of proposals to “tax the rich.” However, when asked if those in the top 10% of GPAs should have their grades redistributed, they emphatically say, “No.” But, is income redistribution really that...  [read more]

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    The Story of a Candle Tax

    May 6, 11 • 838 Views • No Comments

    Our story begins with one 1986 tax, an “antidumping duty,” on Chinese candles. Responding to very low Chinese candle prices, the U.S. decided to protect domestic candle producers. By 2004, the tax was huge. More than 100%.  Also, candle...  [read more]