Econ Club: It's about logic, not emotion.

Under the guise of Econ Club, I have sat in many of bars alongside peers and professors, attempting to solve the world’s problems with economic logic. Couched primarily in economic topics, attendees are encouraged to be blunt, using logic not opinion to discuss current events. It is because of the success of these meetings and encouragement from past participants that I am moving Econ Club into blog form. As such, post articles, comment on them and of course keep a refreshing beer nearby.

Friday, August 22, 2008

Now That's Rich
By Paul Krugman
New York Times Op-Ed Columnist
Published: August 22, 2008

http://www.nytimes.com/2008/08/22/opinion/22krugman.html?_r=1&hp&oref=slogin

I found this article in the New York Times web edition this morning and thought you all might like to discuss. I think he raises a very important question: As both presidential candidates debate tax policies on different income levels, how do they (and we) really define and think about who is "middle class" versus "rich?" Does everyone really neatly fit into these categories?