Sex Trade

Steven Levitt ('Freakonomics' author) has been working on an interesting paper examining the sex trade in Chicago, IL.

Interest Rate Cut

The fed. cut interest rates today by 75 basis points, the largest short term drop since October 1984. The Free Exchange discusses the move by Bernanke & Co. and the possible motives behind it.

My theory: Fred Thompson ending his presidential bid got them hyped up.

Stimulating

Greg Mankiw talks about the rationale of the stimulus plan, hinting that maybe the current situation doesn't call for fiscal policy and perhaps monetary policy is enough.

Is Bernanke, the fed. chief, correct? Or is he using dynamite to kill a fly?

Time will tell

Purpose

Since this is the first post of this blog, I figure the purpose of the blog itself is a good start. This blog has been set up in order to allow students to voice their opinions and views about current events within the world of economics (or generally whatever is of interest). Check periodically as posts are made by members of the Economics Society.

Thank You,

Eric