April 2002 Headlines

The economy is recovering; unemployment is rising.

Housing starts are up. Mortgage foreclosures increasing rapidly.

Consumer confidence is improving; Credit card debt at alarming hights.

Money Solves Everything

When did the market solve the racial discrimination problem?
Before legislation required it?
After required by law?
Is this a trick question?

What Economists Teach

manklakisha.gifMankiw

A Theory That doesn’t explain the world as found is called what?

Perhaps the question-explanation diad is focused better by substituting education for hair color. What is revealed in by your theory of everything (profit solves all problems). Would the lower wage firm replace the … etc…