The supply of elementary school teachers greatly exceeds the demand for them among public-school districts, according to data collected by Education Week. This fact has a number of implications for education policy, but one of them—not directly mentioned in the article—stands out: If elementary-school teachers are truly “underpaid,” as teacher …
My recent post explained why President Obama’s newly proposed $447 billion spending package aimed at boosting total demand is doomed to fail. Some commenters offered a challenge to that assertion. The basis for assessing the spending package: Economic growth is determined by the supply side of the economy, beginning with …
