Regulation

In a market economy, regulation can help or hinder economic activity. Looking at topics that include the environment, financial instruments and anti-trust and past and present Supreme Court cases, econlife considers regulation when it investigates the US market economy.

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    Sales Tax Decisions

    May 2, 11 • 311 Views • No Comments

    A buttered bagel is a sandwich but not an unsliced bagel–unless you eat it in the store. Subject to the New York State sandwich tax, so too are burritos, wraps, BLTs and buttered rolls.  Plan to buy fudge? You will pay a sales tax in New York....  [read more]

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    Looking Back at a Decision

    Mar 26, 11 • 314 Views • No Comments

    Testifying in 1978, one public official said that economists, citing cost and benefit, recommended using a lower level of levee protection against hurricanes in Louisiana than he thought was necessary. (p. 90 of the Congressional Report on Hurricane Katrina)...  [read more]

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    Energy Policy Decisions

    Mar 21, 11 • 330 Views • No Comments

    Comparing the safety of nuclear power, oil, and coal, Slate columnist William Saletan helps us make some energy policy decisions. His focus is fatalities. In the oil supply chain, from 1969-2000, he cites 20,000 deaths. For coal, the number is 15,000...  [read more]

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    Would You Use the Strategic Petroleum Reserve?

    Mar 10, 11 • 224 Views • No Comments

    I am not sure what a giant salt cave is and cannot quite imagine 727 million barrels of oil. But, put them together and you have our Strategic Petroleum Reserve.  Concerned with supply disruptions after an OPEC embargo during the 1970s, Congress...  [read more]

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    Bikes-For-Hire and the British Coastline

    Mar 8, 11 • 297 Views • No Comments

    London’s new bikes-for-hire program is about more than bikes. Launched this summer, the program had to solve a mismatch between supply and demand. In certain places there were too few bikes for the number of people who wanted them. In other spots, the...  [read more]