Wednesday, September 26, 2007

What the falling dollar means to you

The dollar is falling against the euro and the canadian dollar. If you're curious what that means, and as a student of economics you ought to be, you should read this article in Slate.

Wednesday, September 19, 2007

Oops

Apologies for the typo---

On the test review handout I wrote the test date as Friday, September 20, 2007. However, the test if Friday, September 21, 2007.

I know you figured it out.

Good luck studying.

JJ

Thursday, September 13, 2007

On trading with people we don't like

The story at this link is rather interesting. It discusses our trade relations with a few countries that we have issues with in the international arena, namely Iran and Venezuela.

One thing to think about when we trade with others: When we trade we most frequently trade with people we don't know. It is very impersonal. Even when we trade with Americans we likely trade with people, if we got to know them, we probably wouldn't like very much (different religion, they smell, they eat grits, or whatever). Yet we trade. We generally regard going to the store as something for our own benefit, not the benefit of the seller.