Results 1 to 20 of 39

The Gold Standard and Unemployment

Wouldn't a gold standard have a deflationary, and thus, pro-unemployment, bias and wouldn't it inhibit the Federal Reserve Board's ability to provide liquidity and credit when needed? more

Currency and Exchange Rates

Are flexible exchange rates and floating exchange rates the same thing? more

Government and Recessions

What steps should be taken to bring the economy out of recession? more

Government Intervention and "Unrestrained" Competition

Advocates of government intervention in the economy often make their case by attacking "unrestrained" competition. Is competition ever "unrestrained"? What were some of the important restraints on competition that operated in the U.S. economy in the 19th century when, according to some accounts, competition was "unrestrained"? more

Supply and Demand and the Labor Market

How does the law of supply and demand work with respect to the labor market? more

"Maximum Wage" Law

Should the government ever impose a "maximum wage," and if so, what should it be? Would a maximum wage law help or hurt the economy? more

Gold Reserves and the Dollar

What if the all the gold in the U.S. reserves were suddenly dumped onto the market. What would happen to the economy? The price of gold? The strength of the U.S. dollar? more

Politicians and Protectionism

Why do some politicians and interest groups favor protectionist policies while most economists oppose them? more

Savings Rates and Living Standards

How does a higher savings rate lead to a higher standard of living? more

"Comparable Worth" vs. Supply and Demand

What is "comparable worth? What is its purpose, how frequently is it used, and what are some advantages and disadvantages? more

Germany and the Great Depression

Why did Germany suffer so badly from the Great Depression? more

Private Property, "Overfishing," and "Market Failure"

What do you say to arguments about overfishing in the Great Lakes and oceans? Isn't this a clear example of what Keynesians might call market failure, with huge, greedy companies "free" to catch all the fish while driving smaller fishermen out of business and depleting our natural resources? more

Currency and Inflation

Could governments simply fight inflation by destroying (shredding, burning, melting) their currency? Why don't they? more

Bond Prices and Interest Rates

How do bonds work? Why do bond prices rise as interest rates fall, and vice versa? more

Central Banks and Interest Rates

What is the significance of interest rates? What happens when the Federal Reserve fiddles with them? Who is affected and how when the rates are raised? more

Laissez Faire and Economic Growth

What is "laissez-faire" and why is it considered to be best for economic growth? more

Greenspan and Gold

Was there some value in the gold standard that has been lost, and would there be any merit in re-establishing it in some way? more

The Appeal of Socialism

Most economists now seem to agree that socialism as an economic theory is seriously flawed. So how do you explain the continuing embrace, by both major American political parties, of some form of socialism? more

Does the President Run the Economy?