President Obama has released his budget proposal for 2013. The budget calls for a $4.977 trillion increase in the gross federal debt for the six year period from 2012 through 2017. Is the President crazy or is he crazy like a fox? Democrats argue that the increase in debt is necessary to keep the country out of recession. Republicans argue that this is a massive expansion of government's role in the economy. Economics for Everyone 2012 contains the most recent economic data available from the federal government and presents ...
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President Obama has released his budget proposal for 2013. The budget calls for a $4.977 trillion increase in the gross federal debt for the six year period from 2012 through 2017. Is the President crazy or is he crazy like a fox? Democrats argue that the increase in debt is necessary to keep the country out of recession. Republicans argue that this is a massive expansion of government's role in the economy. Economics for Everyone 2012 contains the most recent economic data available from the federal government and presents this information in easy to understand terms. The book also examines the evolution of economic thought and the historical events that have affected the economic growth of the world's industrialized countries. The major theories of micro- and macroeconomics are discussed, but the primary emphasis is how these theories were developed and taught by those economists who invented them in the first place.
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