ABOUT THIS BLOG

I shall post videos, graphs, news stories, and other material there. We shall use some of this material in class, and you may review the rest at your convenience. You will all receive invitations to post to the blog. (Please let me know if you do not get such an invitation.) I encourage you to use the blog in these ways:
To post questions or comments about the readings before we discuss them in class;
To follow up on class discussions with additional comments or questions.
To post relevant news items or videos.

There are only two major limitations: no coarse language, and no derogatory comments about people at the Claremont Colleges.


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Monday, April 11, 2011

The Big Twinkie Question

Today in class, a few questions were raised about the status of our nation's debt ceiling. Professor Pitney emphatically said that defaulting on our debt would be: "BAD. Really, really bad." Now just how "bad" would it be to default on our nation's debt? Dr. Egon Spengler explains it best, in this classic scene from one of the greatest documentaries on international finance and fluctuating debt ceilings: Ghostbusters.

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