Econ class

By Patricia Kasten | April 25, 2012

 

Way back in college, I took a couple of “econ” classes, and several government history classes.  They have come in handy recently with the ongoing discussion of recession, the Social Security system and the budget passed this month by the House of Representatives and authored by Rep. Paul Ryan from Wisconsin. But how, I wondered, do I put what I learned in class into simple language to explore the issues? Well, I’ll let an economist do it. Charles Michael Andres Clark is a professor of economics at St. John’s University in New York.  Last September 9, he wrote an article in Commonweal Magazine, titled “Four Myths about Government Spending”.  Most of it is what I remember from econ class.  It’s not a bad primer for anyone interested in the federal budget as we move through this election season.

 

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