Tuesday, December 15, 2009

Link the Dollar's Value to this College Class List

In Garage Logic, a popular radio show here in the Twin Cities, the host Joe Soucheray likes to link things to one another. It is a sociological version of "for every force there is an equal and opposite force." Therefore one thing will inevitably affect the other.

However, in economics, just like a car engine starting, there are many different individual actions and movements of car parts that occur between turning the key on and the engine actually igniting. So to the layperson, they may not understand why increasing property taxes may turn Minneapolis into a cold Detroit because they don't understand how higher property taxes, lower property values, lower profits and drive capital and labor away.

So I shall test all you junior, deputy and aspiring economics. Link this:



to the value of the dollar.

Many thanks to Elizabeth for the link!

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