Scenes from Class

Here are a few choice quotes today from the professor's lecture of the class I'm TA'ing for (the one using Greg Mankiw's book):

"America is the greatest country in the world, that's why everyone comes here."

"American Universities are the best in the world, that's why students from all over the world vote with their feet." [just before bored-looking students were seen voting with their feet and leaving...]

"Economics was called the dismal science because it foretold mass poverty"

"The Fed is pumping money into the system..."

Professor: "Government deficits crowd out business investment."
Student: "Do tax cuts crowd out investment too?"
Professor: "No. Tax cuts increase spending..."

"The easiest thing for the government to do is cut spending [to balance the budget]"