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 New Drachma?

    Jun 23, 11 • 373 Views • No Comments

    According to a 2002 BBC report, Greece was the least prepared to make the switch to the euro in 2002. During the transition only 1/6 of all businesses in Greece had received their euros. Now, Greece remains a dysfunctional euro nation. Can it leave? Not...  [read more]

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    A Social Security Collision

    Jun 20, 11 • 389 Views • No Comments

    Ask a 56-year old and a 26-year old about Social Security and you will probably get very different answers.  In the NY Times, an unemployed 56 year old woman said: “My investments took a bath, then being out of work for a few years–I’m...  [read more]

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    Preschool Education Matters

    Jun 19, 11 • 342 Views • No Comments

    Did you have to care for a hamster in your preschool class? Line-up? Clean up? Share? According to this NPR Planet Money podcast preschool probably provides irreplaceable job training.  Taking place during a developmental window that does not reappear,...  [read more]

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    The Vitamin Police

    Jun 18, 11 • 316 Views • No Comments

    Most of the corn flakes that we eat in the U.S. are illegal in Denmark because they have vitamin supplements. Consequently, the NY Times tells us that large food companies like Kellogg’s and small stores stocking Marmite, have to undergo an expensive...  [read more]

  • Ethanol’s Unintended Consequences

    Jun 17, 11 • 351 Views • No Comments

    http://online.wsj.com/article/SB10001424052702304432304576369933829499132.html?mod=WSJ_newsreel_opinion...  [read more]