“We know there are a lot of people in the unemployment pool…

“We know there are a lot of people in the unemployment pool that do not match up in their skill set forwhat jobs are going to be created, and that’s an area we’ve got to keep pressing on.” —Austan Goolsbee, economics professor at the University of Chicago Booth School of Business,January 10, 2012 In this quote, Professor Goolsbee is discussing

Read the quote below. Why did the sight of money make the cu…

Read the quote below. Why did the sight of money make the customers less fearful? “Upon approaching the town (with a bank whose customers had withdrawn a lot of money) the pilotguided the plane low over the main street to dramatize its arrival and then landed in a nearby field.From there the Fed officials were ceremoniously escorted into town by the police and the money wasstacked along the bank’s teller windows. The sight of all that money piled up inside the bank quelledthe customers’ fears and saved the bank from failing.” —”Born of a Panic: Forming the Federal Reserve System,” Federal Reserve Board, Minneapolis

“President Obama’s speech on Thursday was the most important…

“President Obama’s speech on Thursday was the most important statement on counterterrorismpolicy since the 2001 attacks, a momentous turning point in post-9/11 America. For the first time, apresident stated clearly and unequivocally that the state of perpetual warfare that began nearly 12years ago is unsustainable for a democracy and must come to an end in the not-too-distant future.”—“The End of Perpetual War,” The Editorial Board, New York Times Online, May 23, 2013 The policy change discussed here would likely have the greatest impact on