Monthly Archives: August 2011
Couple good examples from the GOP debate last night. The resident nutcase, Ron Paul, makes a fool of himself once again: Continue reading
Good editorial by Allister Heath today about the riots and the changes this event, and the poor, lackadaisical response by authorities, has wrought:
…From royal fairytale to banana republic in one summer: it has been a shameful, embarrassing disaster, not just for the tourism industries but also for foreign direct investment.
Welcome back, humble politician! Now that you understand the basics of how economics work on an individual (microeconomic) level, in this lesson you will learn how all of these choices roll up on a national level, or Macroeconomics. In the second economics class that you probably slept through during your pre-law school days the concept of GDP, or Gross Domestic Product was introduced. Put simply, GDP is the sum of all economic activity. You’ve no doubt seen a chart showing GDP growth before that looks something like this: Continue reading





