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Monthly Archives: February 2009

James Glassman has this really insightful article on economic stimulus in the March issue (now online) of Commentary magazine (at commentarymagazine.com).  Readers of Bastiat’s Bastions will note that Mr. Glassman is also a fan of Bastiat and references the same story “What is seen and what is unseen,” that we have mentioned here repeatedly, starting […]

Economists look at a lot of numbers measuring economic activity. Good economists always remember what the numbers mean and what is ultimately important, what the ends are for people and what are merely means. Right now, we are in the midst of a recession—a recession that looks to be quite serious. We see thousands of […]

I’ve written about this issue before. Even my fresh Econ 211 students should be able to spot the opportunity costs of this “free breakfast.” http://www.cnn.com/2009/US/02/03/dennys.grand.slam/index.html?iref=mpstoryview Here’s more…an excerpt from another article — WTMJ radio reports an hour’s wait for a table at a Denny’s in Wauwatosa, Wisc. Hmmmn… an hours worth of time for $5.99 […]

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