Comments for EconProph http://econproph.com I'm Jim Luke. This is my economics notebook. I teach college principles of economics, along with the occasional Economic History, Comparative Econ Systems, and Econ Geography. The posts here are mostly examples/stories for my students, notes to myself, or rants to air. I try to translate economics into plain English without over-simplifying it. You're welcome to read and I hope you learn something. To comment, please click on the bubble. Please keep comments civil. Tue, 22 May 2012 23:12:33 +0000 hourly 1 http://wordpress.com/ Comment on Banks Failures: The 1920′s and The Great Depression by Cody http://econproph.com/2009/10/26/fdic-managing-the-crisis-the-fdic-and-rtc-experience/#comment-1815 Tue, 22 May 2012 23:12:33 +0000 http://econproph.com/?p=294#comment-1815 Thanks for the info! It’s great info, especially because my finals are coming up and I need all the studying I can get.

]]> Comment on Talking At TEDx Lansing 2012 by azleader http://econproph.com/2012/04/11/talking-at-tedx-lansing-2012/#comment-1810 Thu, 12 Apr 2012 21:24:38 +0000 http://econproph.com/?p=2294#comment-1810 Congratulations!
Its a high honor to speak at a TED event… even the TEDx ones.

Like all TEDs, your event looks like quite an eclectic group. It should be a lot of fun.

]]> Comment on AD-AS Model Explained by UK Based coin produced http://econproph.com/2011/03/02/ad-as-model-explained/#comment-1808 Wed, 11 Apr 2012 14:29:49 +0000 http://econproph.com/?p=1418#comment-1808 Cheers for producing this post. Im greatly impressed because of how thoroughly you have outlined a process so detailed.

]]> Comment on Just What Is Inflation? Is A Monster Just Around The Corner? by ames http://econproph.com/2011/04/22/just-what-is-inflation-is-a-monster-just-around-the-corner/#comment-1803 Mon, 09 Apr 2012 05:23:50 +0000 http://econproph.com/?p=1626#comment-1803 Hi Jim,
How does CPI and RPi related. If i were to write on oil inflation, what must i really prioritize and what kind of graph fit on my assignment ? example ..?? Please advise.

]]> Comment on Contrary to Rumors… by William Sullivan http://econproph.com/2012/03/12/contrary-to-rumors/#comment-1800 Sat, 31 Mar 2012 23:06:57 +0000 http://econproph.com/?p=2284#comment-1800 Hope you are well. Eagerly awaiting your return.

]]> Comment on Inflation vs. The Cost of Living by Minimum wage needs to go - Page 3 http://econproph.com/2011/02/15/inflation-vs-the-cost-of-living/#comment-1799 Fri, 30 Mar 2012 20:26:00 +0000 http://econproph.com/?p=1278#comment-1799 [...] thing. Inflation is different then cost of living though. Here is an article about the difference: Inflation vs. The Cost of Living | EconProph Even if the prices lower 0.1 percent then that helps hard working people. It would potential save [...]

]]> Comment on President Obama’s Jobs Advisor Ships Jobs Overseas. by Norna Willbrand http://econproph.com/2011/08/22/president-obamas-jobs-advisor-ships-jobs-overseas/#comment-1787 Wed, 14 Mar 2012 01:52:13 +0000 http://econproph.com/?p=1913#comment-1787 Mr.Immelt, Pres. Obama’s Job Czar apparently forgot he was suppose to make jobs here not in China. Sorry, that I was unable to share this with others.

]]> Comment on Who Says Keynesian Policy Doesn’t Work? by jscottu http://econproph.com/2011/02/07/who-says-keynesian-policy-doesnt-work/#comment-1783 Tue, 28 Feb 2012 00:12:05 +0000 http://econproph.com/?p=1215#comment-1783 Hayek was friends with Keynes. He said that, although Keynes was a smart guy, he was a poor economist. He also said that even Keynes didn’t ultimately believe in “Keynesian economics”.

]]> Comment on How Did U.S. Get $14 Trillion in Debt and Who Is Owed the Money? by Bob http://econproph.com/2011/07/31/how-did-u-s-get-14-trillion-in-debt-and-who-is-owed-the-money/#comment-1780 Wed, 15 Feb 2012 14:42:46 +0000 http://econproph.com/?p=1808#comment-1780 Actually, I think this is a terrible graph. The right side is broken down using an analysis that is presumably entirely fact based and incontestable; a simple and reliable exercise in accounting. The right side appears to contain highly debatable and imprecise estimates. When one includes taxes that were not collected and the affect of a recession as concrete numbers, one steps well outside of the realm of accounting and into political conjecture. If the analysis presumes to be able to calculate the affect of economic growth rate on the debt, does that mean there is some “correct” level of growth? If it does, does the analysis take into account the marginal stimulus to the economy of spending and tax cuts? Do tax cuts from before the Reagan administration cumulatively affect the debt (remember 90% marginal rates)? In short, the right side is fact, the left is opinion.

]]> Comment on John Stossel Fails an Education Test and Demonstrates That He’s Economically Illiterate by Marilyn http://econproph.com/2011/09/22/john-stossel-fails-an-education-test-and-demonstrates-that-hes-economically-illiterate/#comment-1778 Wed, 15 Feb 2012 01:53:25 +0000 http://econproph.com/?p=2042#comment-1778 Did you miss “NOTE: Beginning in 1980-81, state administration expenditures are excluded from “current” expenditures. Current expenditures include instruction, student support services, food services and enterprise operations. Beginning in 1988-89, extensive changes were made in the data collection procedures.”?

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