Economic growth, the Chinese way
YouTube – Chinas empty city – 10 Nov 09. My buddy living in Shanghai posted this video to his Facebook profile today. It demonstrates how misaligned incentives in China lead local government officials...
View ArticleKeynesian/Classical debate enters the realm of hip hop
Keynes vs. Hayek: Late Economists Hip-Hop Legacy | PBS NewsHour | Dec. 16, 2009 | PBS. A major theme of both the AP and IB Economics courses is the long-running debate between the Keynesian,...
View ArticleThe best Econ rap… EVER!!
Econstories.tv – A new resource for Econ teachers and students, from Russ Roberts and John Papola The long awaited rap video from George Mason University’s Russ Roberts featuring the theories of John...
View ArticleEconomics in plain English: Understanding Argentina’s budget woes
Argentina’s reserves and its debts: Central Bank robbery | The Economist I received the following email from an Econ teacher who wonders if I had any insight on a question posed by one of his students:...
View ArticleSupply – side economists: “lower taxes, more growth, more tax revenue!”
This is a follow up to a recent post to this blog, Hey, what are you Laffing at? The relationship between tax rate and tax revenue The unbearable lightness of being Martin Feldstein | Free exchange |...
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Obama versus the supply-siders – to extend the Bush tax cuts or not? That is...
As the United States enters its mid-term election period, one of the major issues being discussed in Washington D.C. is whether or not the “Bush Tax Cuts” of 2001 and 2003 should be extended. In...
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Too much debt or not enough demand? A summary of the debate over America’s...
As yet another school year begins, we once again find ourselves returning to an atmosphere of economic uncertainty, sluggish growth, and heated debate over how to return the economies of the United...
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Sample IB Economics Internal Assessment Commentary – Understanding the ECB’s...
Once again, my IB Economics students are working on yet another Internal Assessment Commentary, this time on syllabus section 3, Macroeconomics. Since they found my sample Microeconomics commentary so...
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Fiscal stimulus, the Swiss way
Parliament gives green light to government economic boost plan. – swissinfo In the last two weeks, both my countries, America and Switzerland, have put forward stimulus packages aimed at helping their...
View ArticleDoes expansionary fiscal policy “pay for itself”?
A theory of fiscal policy: Self-sustaining stimulus | The Economist Expansionary fiscal policy is a tool governments often turn to when the economy is facing high unemployment and sluggish or negative...
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Deflation: why lower prices spell doom for any economy!
The Fed should focus on deflation | The greater of two evils | The Economist Deflation: a decrease in the general price level of goods and services of an economy. Sounds great, right? Lower prices mean...
View ArticleIncome Inequality’s Effects on Social and Economic Well-being
Inequality exists everywhere we look. Whether you live in a rich country or a poor one, there is inequality both within and between societies. Even a rich country like Switzerland has vast gaps between...
View ArticleTo continue stimulus or to pursue austerity, that is the question
Note: This post was originally published in August of 2010. It is being reposted today to support a lesson on fiscal policy in my year 2 IB Economics class. In the seemingly endless and currently...
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A closer look at the crowding-out effect
To spend or not to spend. That is the question. In order to determine whether or not a government should increase its budget deficit in order to stimulate economic activity in its economy, it is...
View ArticleSequestration – a basic economic analysis
Ben Bernanke Lectures Congress on Austerity Economics : The New Yorker In just two days, the United States will enact a massive contractionary fiscal policy known as the “sequester”, which includes...
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