Letter: Strange lessons in economics
When one of my sons took microeconomics in college, the professor did a good job of showing the various costs of doing business -- labor, taxes of all kinds, supplies, complying with regulations -- and how they affected the prices charged, and a company's ability to stay in business.
The very next semester in macroeconomics, the professor argued that if the government raised some of these costs, somehow more jobs would be created and an economy in recession would be improved.
Something does not compute here.
Kari Stadem, Blomkest