Step one: assume a spinning economist

Harvard Economics prof Greg Mankiw says President-elect Barack Obama’s incoming chief economist assumes in her economics models now that increased government spending has a much larger positive economic impact than tax cuts do. That’s interesting, Mankiw points out, because in March 2007 report she did at UC Berkeley, she came to the opposite conclusion: “That…

Putting the Freeze on Universities

Senate President David Williams, R-Burkesville, rightly proposes freezing tuition at Kentucky’s universities and takes a swipe at university presidents, who are playing petty games with our students’ futures. These chief educational politicians are channeling their frustrations over not getting huge increases in funding each year from the General Assembly into double-digit tuition hikes. They instigate…

No way it will ever be enough

Gov. Steve Beshear expressed excitement and an interesting economic theory Thursday afternoon in response to hearing President-elect Barack Obama’s plan for a bailout of the states. “Without fast and comprehensive action,” Beshear said, “our nation and state will fall into a deeper recession.” Beshear didn’t provide any information to back up his suggestion that “fast…

Math Resolution Hits Senate

The Kentucky Senate’s Education Committee heard testimony on mathematics instruction this morning and then voted out Senate Joint Resolution 19, which calls for the Kentucky Department of Education to revise the state’s mathematics standards and testing programs. The resolution is a reaction to continued poor mathematics performance in the commonwealth. SJR 19 recommendations are based…