Welcome

Welcome to the learning community designed and managed by Ms. Rita Callahan, instuctor of economics and mathematics. Most of you are current or former students from my classes. I trust you will enjoy this attempt to connect our studies to the real world. From time to time I will make observations on my experiences and things I read. I hope you will comment and add your observations as well.


There is much to learn form others, especially those whose experiences may differ from our own. As I mention elsewhere in this blog, this is my attempt to incorporate 21st century learning formats into the educational experience of my students. Perhaps this will invite some interesting discussions.





Thursday, January 12, 2012

Following Inside Job; regulator gets hired by those he once regulated

Our macroeconomic class jsut viewed "Inside Job" and today I am reading Matt Taibbi in RollingStone: Revolving Door: From Top Futures Regulator to Top futures Lobbyist.

This just adds to the caution on regulation. For regulation to mean anything, the regulators must be ethical. It is difficult to be ethical when the incentives are so enticing. Does anyone out there know who first said to the effect "Everyone has his/her price."?
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