econlife on ‘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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    Soda Wars

    Oct 8, 10 • 117 Views • Demand, Supply, and Markets, Economic Debates, RegulationNo Comments

    In “the soda wars,” who is fighting whom? Past news articles refer to state legislative attempts to tax sugary soft drinks. Now, a NY Times article focuses on how New York City is trying to bar use of food stamps for sugary soft drinks. The...

  • More Deja Vu

    Oct 3, 10 • 112 Views • Economic Debates, Economic History, GovernmentNo Comments

    With the NY Times saying, “…Britain Keeps Welfare For the Well-Off,” the original Social Security debate comes to mind. Appointed by FDR in 1934, the Social Security Task force had an Old Age Security Group. Pushed by 11 states that already...

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    Obesity Concerns

    Sep 25, 10 • 120 Views • Economic Debates, Government, RegulationNo Comments

    The new vending machine at a Mason, Ohio high school only sells carrots. At 50 cents a bag, “they are selling like hotcakes”. Is it because the baby carrot video ads are amazing or that no other vending machine works during school hours? This...

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    Should We Miss Larry Summers?

    Sep 24, 10 • 104 Views • Economic Debates, Economic Thinkers, Government, Macroeconomic Measurement, Money and Monetary Policy, RegulationNo Comments

    As you know, Larry Summers, chair of the National Economic Council, former president of Harvard, former Treasury Secretary, former chief economist at the World Bank, and Harvard professor, is leaving the Obama economic team. But what did he bring? You might...

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    Social Security Thoughts

    Sep 17, 10 • 105 Views • Economic Debates, Economic Thinkers, Government, Households, Thinking EconomicallyNo Comments

    Having just passed the French lower legislative branch, a gradual increase in the French retirement age from 60 to 62 during the next 8 years will probably be enacted. In the US, we are gradually ascending to 67 in 2027. It all sounds so logical. It...