Economics, science of explaining where all the money went. The field of economics is divided into two main categories: microeconomics, which examines why the money was all here a minute ago but now it’s not; and macroeconomics, which looks at the economy as a whole to determine how that much money could just be gone all of a sudden. Economists use empirical evidence in an attempt to understand why what little money is left is somehow worth a lot less now than it was before, and they analyze data to study why simply making new money to replace the money that disappeared isn’t really how it works. While some schools of economic thought hold that the best course of action is to reject the idea that the money is really gone and carry on like nothing happened, other theories argue that the only way to fix this is to ask the people with the most money to share it with everyone else because a lot of people need money right now. Economics is often used by governments to implement social policies, such as accepting that the money is never coming back and that everybody had better just get used to it.
Articles under "Economics"
Scientists: 'Look, One-Third Of The Human Race Has To Die For Civilization To Be Sustainable, So How Do We Want To Do This?'
WASHINGTON—Saying there's no way around it at this point, a coalition of scientists announced Thursday that one-third of the world population must die ...
New Breeding Program Aimed At Keeping Moderate Republicans From Going Extinct
WASHINGTON—Saying the now critically endangered species of politician is at high risk for complete extinction within the next 10 years, Beltway-area conservationists announced plans ...
Economically Healthy 'Daily Planet' Now Most Unrealistic Part Of Superman Universe
NEW YORK—Frustrated fans of the Superman comic book said Monday the continued financial stability and cultural relevance of the series' Daily Planet newspaper is ...
Report On Continuing Plight Of Millions Of Unemployed Americans Results In Round Of High-Fives At Romney Campaign Headquarters
BOSTON—Bleak unemployment numbers released Wednesday reportedly sent a wave of applause cascading through the headquarters of Mitt Romney's presidential campaign, with staffers rejoicing ...
Bush: 'Our Long National Nightmare Of Peace And Prosperity Is Finally Over'
WASHINGTON, DC—Mere days from his inauguration, president-elect Bush vowed to undo the damage not done by the Clinton Administration.
Congo Approves Economic Stimulus Package Of AK-47 For Every Citizen
Congo lawmakers are convinced the stimulus package will give Congolese the assault weapons they need to obtain clothes, food.
Unpopular BCS Crowns Alabama National Champions, Endorses Rick Santorum, Spits On World War II Veteran, Pushes Elderly Woman Down Flight Of Stairs, Wishes Osama Bin Laden Were Still Alive
NEW ORLEANS—During a postgame ceremony Monday in which the Bowl Championship Series controversially awarded the Alabama Crimson Tide the 2012 NCAA championship trophy...
Obama Launches More Realistic 'I Have Big Ideas But We'll See How It Goes' Campaign Slogan
CHICAGO—After coming to terms with the limited scope of what he can realistically expect to accomplish as president, Barack Obama announced Wednesday a new ...
Alabama School System's Lone Textbook Falling Apart
MONTGOMERY, AL—The Alabama Department of Education reported Wednesday that its sole textbook has begun to seriously show its age after more than a decade ...
All Of Nation's Resources Dumped Into 50 Children Who Are Actually The Future
Year In Review
WASHINGTON—Stating it is time to rethink how the nation lays a foundation for a better tomorrow, President Barack Obama announced Wednesday that all of ...
Nation's Girlfriends Unveil New Economic Plan: 'Let's Move In Together'
Girlfriends' spokesperson Kelly Ambrose joins us in the Financial Fallout Shelter to discuss why Boyfriends moving in with them just makes fiscal sense right now.
College Graduates Making 8% to 11% Less
According to the Economic Policy Institute, female college graduates are making 7.6 percent less than they did 10 years ago, while their male counterparts ...
Remains Of Ancient Race Of Job Creators Found In Rust Belt
WASHINGTON—A team of leading archaeologists announced Monday they had uncovered the remains of an ancient job-creating race that, at the peak of its civilization ...
Grad Student Deconstructs Take-Out Menu
CAMBRIDGE, MA—Out of sheer habit, English grad student Jon Rosenblatt tried to interpret the message within his Burrito Bandito menu.
Metric System Thriving In Nation's Inner Cities
WASHINGTON, DC–Despite other academic shortcomings, inner-city youths possess a firmer grasp of the metric system than their peers in suburban and rural areas, according ...
Your Horoscopes – Week of April 17, 2012
Aries Your feeling of impending doom shall come to nothing again this week as the world continues to turn and your life goes on as ...
Layoffs Are Necessary If We Want To Keep The Lights On,' Says CEO Halfway Through Tasting Menu
PHILADELPHIA—As the fifth plate of his 10-course, $150 prix fixe tasting menu dinner was carefully placed on the manicured table in front of him ...
Nervous American Voters Worried About Botching Another Election
WASHINGTON—According to a Rasmussen poll released Thursday, nearly all American voters share a deeply held fear of botching another election in 2012, with the ...





















