The Covid-19 crisis is rewriting Economics 101 (via BarronsOnline)
Like the children of so many erstwhile empty-nesters, our kids are back, quarantining in the comforts of home. That includes our son, who is finishing his freshman year at college via video classes and online assignments, while taking advantage of an on-premises tutor for his introductory economics course. What is surprising is how little has changed since I took Econ 101.
The Federal Reserve buys bonds, the money supply expands, unemployment falls, and inflation rises. The government increases outlays or cuts taxes, and... Subscribe or Sign In to continue reading.
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