Started off class with a quiz reviewing the previous few days materials, namely on interest rates, price controls, and market distortions regarding consumers, firms, and banks.
Simulated the daily bind that the U.S. treasury faces as bonds mature. Who will lend to us today? How much will we have to borrow from the Fed? Will people notice?
Discussed the paternalism aspect found in the movie My SIster's Keeper.
After the break Isaiah Slemons led us in a discussion regarding some quotes on taxes and the national debt.
