Read the following two statements taken from a Forbes article in December 31, 2013. Statement 1: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The market will take care of everything, they tell us. If we just cut more regulations and cut more taxes - especially for the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn't trickle down, well, that's the price of liberty." Statement 2: "there is a certain crowd in Washington who, for the last few decades, have said, let's respond to this economic challenge with the same old tune. The government will take care of everything, they tell us. If we just pile on even more regulations and raise taxes - especially on the wealthy - our economy will grow stronger. Sure, they say, there will be winners and losers. But if the losers are protected by more social programs and a higher minimum wage, if there is more Quantitative Easing by the Fed., then jobs and prosperity will eventually trickle up to everybody else. And, they argue, even if prosperity doesn't trickle up, well, that's the price of a social safety net." These statements are based upon the US economy and different, well-known, economic governmental philosophies implemented frequently. These are very BIG economic statements which means these statements refer to many different aspects of macroeconomic government policy. During this course, we have already discuss some some portions of these theories and will eventually discuss other portions of these theories. 1. Which philosophy do you agree with? Why? Narrow down your thoughts to one aspect of these macroeconomic policies, i.e taxes (more or less), government spending, government welfare spending, monetary growth, effects of government regulation, etc. 2. Find at least TWO ECONOMIC  journal articles that either agrees with or disagrees with the philosophy that you have chosen in #1.  3. Find a popular press article that argues the OPPOSITE 3. Summarize your journal article as it refutes your popular press article. This summary should be in terminology that could be understood by your fictional high school senior.  4. Your summary should be at least 500 words. Your assignment MUST focus on economic issues.  •Name one economic issue that you have heard discussed by your friends, coworkers, or on the news that you wish you understood better •Research this issue. Find three explanations explaining this issue. One should be a video or popular press article, but TWO must be journal articles from ECONOMIC JOURNALS. •In 500 – 750 words, summarize your findings on this issue. For our remaining Residency assignments, we will be researching, evaluating, and summarizing several different relevant economic issues.  O ...

1. Read the following two statements taken from a Forbes article
in December 31, 2013.
Statement 1: "there is a certain crowd in Washington who, for
the last few decades, have said, let's respond to this economic
challenge with the same old tune. The market will take care of
everything, they tell us. If we just cut more regulations and cut
more taxes - especially for the wealthy - our economy will grow
stronger. Sure, they say, there will be winners and losers. But if
the winners do really well, then jobs and prosperity will
eventually trickle down to everybody else. And, they argue,
even if prosperity doesn't trickle down, well, that's the price of
liberty."
Statement 2: "there is a certain crowd in Washington who, for
the last few decades, have said, let's respond to this economic
challenge with the same old tune. The government will take care
of everything, they tell us. If we just pile on even more
regulations and raise taxes - especially on the wealthy - our
economy will grow stronger. Sure, they say, there will be
winners and losers. But if the losers are protected by more
social programs and a higher minimum wage, if there is more
Quantitative Easing by the Fed., then jobs and prosperity will
eventually trickle up to everybody else. And, they argue, even if
prosperity doesn't trickle up, well, that's the price of a social
safety net."
These statements are based upon the US economy and different,
well-known, economic governmental philosophies implemented
frequently. These are very BIG economic statements which
means these statements refer to many different aspects of
macroeconomic government policy. During this course, we have
already discuss some some portions of these theories and will
eventually discuss other portions of these theories.
1. Which philosophy do you agree with? Why? Narrow down
your thoughts to one aspect of these macroeconomic policies,
i.e taxes (more or less), government spending, government

2. welfare spending, monetary growth, effects of government
regulation, etc.
2. Find at least TWO ECONOMIC journal articles that either
agrees with or disagrees with the philosophy that you have
chosen in #1.
3. Find a popular press article that argues the OPPOSITE
3. Summarize your journal article as it refutes your popular
press article. This summary should be in terminology that could
be understood by your fictional high school senior.
4. Your summary should be at least 500 words.
Your assignment MUST focus on economic issues.
•Name one economic issue that you have heard discussed by
your friends, coworkers, or on the news that you wish you
understood better
•Research this issue. Find three explanations explaining this
issue. One should be a video or popular press article, but TWO
must be journal articles from ECONOMIC JOURNALS.
•In 500 – 750 words, summarize your findings on this issue.
For our remaining Residency assignments, we will be
researching, evaluating, and summarizing several different
relevant economic issues.
One problem that is often discussed by those who research
economic issues is that many times news stations and popular
press type companies miss the important issues, simply
misunderstand the issues, or chose to sway the facts to fit a
certain viewpoint or bias. Our goal with these remaining
assignments will be to take the different prompts given,
evaluate their validity using Economic Journal articles and use
these to either support or refute (based upon each set of
instructions) and then explain this issue in a way that the
general public would understand. Often, it appears, that the
news that is available to us uses a particular set of information

3. to explain an issue in a way that may or may not be accurate.
Here is an example to help illustrate the goal of this assignment.
(This is both a Finance issue and an Economic issue), during the
most recent filing period for United States taxes, there was a
large amount of focus put on the AMOUNT of refund that
people were receiving when filing their taxes. This information
(frequent news articles) was being used to try to evaluate
whether or not the changes to the tax code for 2018 benefited or
hurt tax payers. The problem with this news is that it is actually
IRRELEVANT in relation to whether or not the changes to the
tax code benefitted or hurt tax payers. The RELEVANT news
would be related to the amount of taxes tax payers actually
paid, but this information is private so unavailable to reporters.
Your goal with these assignments is to always try to find the
RELEVANT information using Economic Journal articles and
then evaluate those in relation to published news articles or
video news.
For this Discussion Question, complete the following.
1. Read the short explanation of the 4 basic types of
economies. Research two of these types
further. (https://www.intelligenteconomist.com/types-of-
economies/)
2. Locate one journal article for each of your two chosen
economic types. You need to focus on the Abstract,
Introduction, Results, and Conclusion. For our purposes, you
are not expected to fully understand the Data and Methodology.
3. Summarize these journal articles. Please use your own words.
No copy-and-paste. Cite your sources.

4. 350 words. Provide references
1. Review the three articles about Inflation that are found below
this.
https://www.federalreserve.gov/newsevents/speech/kohn200606
16a.htm
https://www.federalreserve.gov/econresdata/notes/ifdp-
notes/2016/drivers-of-inflation-compensation-evidence-from-
inflation-swaps-in-advanced-economies-20161230.html
https://www.federalreserve.gov/newsevents/speech/brainard201
70530a.htm
2. Locate two JOURNAL articles which discuss this topic
further. You need to focus on the Abstract, Introduction,
Results, and Conclusion. For our purposes, you are not expected
to fully understand the Data and Methodology.
3. Summarize these journal articles. Please use your own words.
No copy-and-paste. Cite your sources.
350 words. Provide references