Thursday, September 9, 2010

Day 12

Reviewed terms and concepts thus far in preparation for our vocab quiz on Monday. The list is as follows:
protectionism, Luddites, tariffs, paradigm shifts, cognitive dissonance, fiat money, money commodities and the characteristics, divisibility, double coincidence of wants, bonds, delayed consumption, interest, risk, investment, profit, capital, Laffer curve.

Read further in Schiff's book. A few students have already finished the entire book.