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Economics is the study of how society manages its scarce resources.
Greg Mankiw
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Greg Mankiw
Age: 66
Born: 1958
Born: February 3
Author
Blogger
Economist
Trenton
New Jersey
Nicholas Gregory Greg Mankiw
N. Gregory Mankiw
Gregory Mankiw
N. G. Mankiw
Manage
Economics
Resources
Study
Society
Manages
Scarce
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These teenagers [that drop out of school to take the higher wage jobs] take jobs that would go to unskilled adults, making it harder for those adults to make the transition from welfare to work.
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You can't rule out deflation just because you've never seen it in your lifetime.
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If you take from a theory only the conclusions you like and discard the rest, you are using the theory as a drunkard uses a lamp post-for support rather than illumination.
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