The few thousand of us who teach introductory economics in this nation should express our gratitude to President Bush, Senators Daschle and Lott and Representatives Hastert and Gephardt. Why? Because the president and Congress are simplifying teaching macroeconomics. Teaching introductory…
State’s 4% jobless rate isn’t that bad
Among this week’s big news was the announcement of unemployment rate for December for Minnesota. Virtually every media outlet heralded the fact that the state’s unemployment rate rose to 4 percent, the highest in five years. At the risk of…
Argentina needs to face deeply embedded problems
(This column is part two in a two-part series. Part one, “Argentines aren’t learning right lessons from debacle,” discusses the historical events that led up to the current situation.) News media are focusing their stories on Argentina almost exclusively on…
Survivor funds are tough call
The question of when governments should give money to disaster victims, and how much, is a complicated one. The only clear conclusion one can make is that the September 11 Victims Compensation Fund set up by Congress is a bad…