Draine on Society

Money is a fascinating human invention that has facilitated economic activity for thousands for years. The decision to introduce currency allowed humans to shift away from a barter exchange economy which had the burdensome requirement of what economists refer to as coincidence of wants. That is, if we operated in a barter economy and I raised chickens for a living, I could only purchase goods and services from individuals who wanted chickens.

Draine on Society

A “recession” is defined as two consecutive quarters of negative GDP growth. Thus, by the time a contraction is officially labeled a recession, it may seem painfully obvious to informed observers. A “recovery” is defined as positive growth beginning from the trough of a recession and lasting until the next recession. The overall expansion and contraction pattern is known as the business cycle, and in true cyclical nature manifests itself over and over again.

What is Seen and Not Seen
On Wednesday the 29th, it was my privilege to attend a lecture given by a skeptic of man-made global warming, Lord Christopher Monckton of Brenchley. It is  likely your reaction to such a view will be either vehement opposition to the idea that anyone can disagree with the “inconvenient truth” of Al Gore’s movie or of the sudden realization that maybe one is not alone in one’s doubts.

Draine on Society

Research may be considered one of the critical aspects of human activity that separate us from all other known species. Through the continued study of a facet of the natural or human world, we are able to constantly expand the frontiers of human knowledge.

I originally began this letter with a desire to take Alexander Draine to task for the economic policies he has advocated in these past few weeks. I had hoped to end with a small quip about his positions being a Draine on our society. As I pondered and searched for evidence to support my claims, I realized something. Neither one of us has the omniscience necessary to argue our points with the absolute certainty that he has cloaked his arguments in.

By Mike Stuzynski, as edited by the Johnsonville Press. This article also appeared in second-edit form in the Daily Targum, 2/20/2009
If you’ve read any piece of political writing in the past two weeks, you’ve probably heard some use of the term ‘bipartisan’ thrown around a few times. And why not? On paper it’s a truly groovy subject, evoking images of people with different opinions shaking hands and getting along over a $4 espresso drink. If you take your cues from the popular media (and realistically, who doesn’t), it’s just …

It seems as though a day cannot go by without hearing the N-word.  That’s right, I’m talking about nationalization.
Even the thought of the word is enough to send some people into tirades against Big Brother, socialism, and liberals.  However, upon reflection, the idea of nationalizing our banks may not be as terrible as it initially appears.

By Wesley James Young
Classes are not always the easiest things to take. The professor imparts his infinite wisdom and knowledge for us academic mendicants to scrape into our alms cups. Understanding what we have learned is not always that easy, so we look for help. Our fellow classmates tend to share our bewilderment so some manner of tutoring is usually sought ought. That is how we arrive at the Rutgers Tutoring Center.

By Alex Draine

There are a lot of financial buzzwords floating around these days. From Washington to New York, numbers and terms are being thrown about without much thought. It has become clear that many people do not fully understand the subtle and not-so-subtle nuances of economic policy.