Do externalities (political or economic) necessarily constitute a market failure and thereby justify government intervention?
The story of how Corporations became legal people using the 14th amendment is pretty famous. But that's a US phenomenon. How did it work out in other countries? Are corporations legal people in the UK, France, Germany, Japan, Canada, Australia etc? [more inside]
ACLU is to the Constitution as ________ is to Economics? [more inside]
I need to better understand the proposed tax systems. Mainly the fair tax or sales tax versus an income tax. I am writing a paper for school on the viewpoints of TTARA (The Texas Taxpayers and Research Ass.) and CTJ (citizens for tax justice) but cannot gain a clear idea of what each side is proposing. Obviously the republicans want the fair tax, and since TTARA is business minded, I assume they too seek the fair tax, or at least support it. But what is the Dem idea of fair taxation? Do they want an income tax? What is all this talk on CTJ about income tax cuts? I don’t have the patience to sift through all the material so I'm hoping someone can give me a basic idea of the differing positions on the matter. Mainly answer the question of who wants what and why, and who benefits most from each plan.... Also what about the working poor, do they benefit most from an income tax? Etc. Etc.
Economics Filter: Monetary Policy and the Fed, when do we raise and lower rates and why? [more inside]
The US government does not consider IRA money or 401K money (or stock market investment of any kind) to count as "savings" when they calculate US savings rates. Thus our perennially lousy savings rates vs. other countries. Or so I read. If true, what is our government's reasoning? [more inside]