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SOCIAL REGULATION: Government regulation that addresses specific social problems, including pollution, product safety, worker safety, and discrimination. The late 1960s and early 1970s was a period of considerable social regulation. Within a 10-year period the government established several regulatory agencies, including Equal Employment Opportunity Commission, Environmental Protection Agency, National Highway Traffic Safety Administration, Occupational Safety and Health Administration, and Consumer Product Safety Commission, to deal with social problems.
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BANK PANIC An economy-wide problem in the financial sector and the banking industry that triggers an economy-wide business-cycle contraction or even depression. Bank panics were common throughout the 1800s and early 1900s, during which time they where the primary cause of business-cycle downturns. Bank panics usually involved bank runs that spread from bank to bank throughout the economy.
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BROWN PRAGMATOX
[What's This?]
Today, you are likely to spend a great deal of time going from convenience store to convenience store trying to buy either a cell phone case or a pair of designer sunglasses. Be on the lookout for neighborhood pets, especially belligerent parrots.
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On a typical day, the United States Mint produces over $1 million worth of dimes.
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"A man is not finished when he is defeated. He is finished when he quits. " -- President Richard Nixon
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S&D
Supply and Demand
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