Author: Keith Burns

These quizzes use real randomly selected questions from a college-level Test Bank. The 1st. Macroeconomics Exam is designed to prepare you for the first exam of the semester. It covers all of the “What Is Economics?” stuff and supply and […]

I attended a financial meeting at our church a while back where the church’s budget deficit was discussed at length.  It seems the church, like so many of us, had seen its costs increase and its revenues decline.  For a […]

I often tell my students that the most important phrase on any money is the words “In God We Trust” printed on American currency.  First Amendment considerations aside, I tell them, this statement encapsulates the source of any money’s value […]

Now that we’re into the New Year, tax season is just ahead.  So, I was thinking recently about a report I heard on NPR last year that the Internal Revenue Service has announced that it intends to allow only “certified” […]

One of the lingering questions facing the economy as a whole, and Destin in particular, is whether the housing market has bottomed and whether prices may soon begin to rise.  My standard answer lately is that home prices will continue […]

I ran across a video clip the other day that showed the late economist Milton Friedman answering questions from the audience of an old episode of ‘Phil Donahue.’  In one of his comments, he mentioned the phrase ‘shirtsleeves to shirtsleeves […]

(originally posted on April 17, 2010) There is much talk these days about taxing the rich, or as the president says, “those who make over $250,000 a year.”  While this idea rings a bell in the minds of followers of […]

(originally posted on July 11, 2010) People often ask me whether the recession is over and where the economy is headed next.  I usually tell them about something I tell my classes: one way to gauge where the economy is headed […]