Word: economisters
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...those disgusting plastic decorations that are beginning to disfigure suburbia and who, together, have turned an innocent night of excitement for children into something run by and for adults. Those in the Halloween industry are simply behaving as good capitalists should, following the maxim of that great economist P.T. Barnum that a sucker is born every minute, satisfying a market they have themselves created. Halloween Express, a Kentucky-based chain, now has some 70 franchised stores in 21 states. Americans will spend about $6.9 billion on Halloween this year$2 billion on candy alone, an extra $1.5 billion on costumes...
Capping tuition would force schools to scale back such quality-enhancing measures. According to a recent article in The Economist, “government micromanagement” has left the publicly funded British universities so strapped for cash that many have been forced to curtail their course offerings and even shut down entire departments...
...have proved unwarranted: "It's been very successful. About 97% of loans have been paid back. It's much better than giving loans to businesses where the risk is much higher." But critics believe the government-loan statistics don't tell the whole story. In many cases, claims TDRI economist Somchai, villagers have used their loans to buy consumer goods. "Much of this money has been used for consumption," he says, "not for development." Others charge that many villagers have managed to repay their debt to the Village Fund only by borrowing from ever-present moneylenders who charge high interest...
...long term, racing will thrive only if track owners can create legions of new fans. And slots at the track can't accomplish that. "Tracks need racinos to compete," says Richard Thalheimer, a Louisville University equine economist. "But in the end, horse racing can only be saved if a significant percentage of casino players become horse players." And that, for now, has to be considered a long shot...
TIME'S JYOTI THOTTAM asked our Board of Economists to sort it out. The panel includes Lakshman Achuthan, managing director of the Economic Cycle Research Institute; Gary Burtless, senior fellow at the Brookings Institution; Veronique de Rugy, fiscal-policy analyst at Cato Institute; Edward McKelvey, senior economist at Goldman Sachs; and David Wyss, chief economist at Standard & Poor...