Fantasy Land

The President's bi-partisan debt crisis committee has released their prescription for reversing the tailspin our country's finances have taken. Click on the link to access the tough remedies and then imagine all of the excuses they'll be for why we can't implement them.

A Return To The Gold Standard?

The head of the World Bank intimated his support for a return to some form of gold standard the other day. In the wake of a flood of money in the global economy and the seemingly reckless fiscal policies of many nations, there is a call for the bygone safety he perceives in gold. Click on the link to access five economists sounding off on the prospect of this move.

Let The Bush Tax Cuts Expire

Though it seems illogical to, in effect, raise taxes during an extreme bout of unemployment, the article suggests just that. The author states that tax cuts are an inefficient form of expansionary policy because people are often inclined to save a portion of what they don't pay to Uncle Sam. Instead, the increased revenues could be used for direct stimulus that would be applied exclusively to the wounds still out there.

Budget And Fiscal Policy

This is an assignment in which your students access online resources to answer questions and further their understanding of debt, deficit, budget, and fiscal policy.