DearEconomist
Here are some actual examples of cases our clients have solved thanks to our expert economic analysts and advisors.
Fisher Equation
I am trying to start a company to make video games with some other people but I think I’m a bit confused. My job was to figure out how much money we needed to borrow. My boss said to make sure I use the fisher equation so that he can calculate what we will really have to pay. I went down to the local docks and asked every fisherman I could for an equation and you know what…NONE of them knew one! Hmpfff. So I just made one up and told my boss that he would really have to pay the bank for the money. He said no, that was our nominal rate. Then he fired me. I’d like to get my job back, can you help?
Thank you,
Ig Norant
The Fed's Table Saw
I just had a horrible interview for a job at the Fed. They asked what I thought about the current reserve requirement and I said that I didn’t think reservations were needed for lunch at the Fed. Everyone laughed. To make matters worse, when they asked which of the three tools of the fed I thought was the most effective I said the “table saw.” Everyone laughed again. I’m thinking of applying for another job at the Fed, but don’t want to bomb this interview. Can you help?
Gratefully yours,
F. Ederal Reserve
Classical Theory:
Return to Equilibrium
I don’t need your help, but I am being forced to write to you anyway. I run the government for our little part of the world. My country seems to be having persistently low unemployment and prices are rising wayyyy to fast. I know what the problem is – my government just needs to pay our employees more so they’ll shut up about the rising prices. I’ve been trying this for quite some time, but it hasn’t worked yet, although I’m sure it will soon. Anyway, my chief economist said I should really not do anything and that eventually we’ll return to some kind of equilibrium. I disagree, but to humor him I said I’d ask you to prove that to be true…so…get to it.
Cordially,
R. Ogant
Free Money?
I am in the country next to Mr. Ogant’s country. Unlike his booming economy, mine is weak, and getting weaker. I don’t understand why though. My government has been borrowing and borrowing and borrowing money like CRAZY! We spend it as soon as we get it. Shouldn’t we be doing GREAT? What’s going on?
Thanks,
Way Steadmoney