The Plane That Does Not Fly – And Makes Money

An entrepreneur in India (where 99% of the population has never flown in a plane) charges about $3 to sit on his plane. Note: The plane never leaves the ground. Regular announcements on the plane include "Watch out for turbulence ahead. "His idea is a big success. Read more here.

Will a Tax Rebate Stimulate the Economy?

Read here about the many economists who question the effectiveness of a tax rebate.

Georgia Trip Press Release

Check it out here.

Goin' To Georgia...The Country, That Is

I was selected, along with 11 other economics teachers around the US, to go to the Republic of Georgia in March on a Study Tour. The study tour is run by the National Council on Economic Education in cooperation with the US State Department. All expenses are paid. First we will be flying to Washington DC for a two day orientation and to meet with members of Congress and their staff, and then we well be off to Tbilisi, the Capital of Georgia.

Georgia sounds like an incredible place to visit. It is at a crossroads of Europe, the Middle East, and Asia, although it claims to be different than all of these places. I was also thrilled to hear Georgia has GREAT food that is famous throught the world.

On the visit we will be meeting with Georgian economists, business leaders, and Ministry of education officials. We will also be visiting some schools, and it will be interesting to see what they are like.

Georgia's people are now embracing economic freedom and capitalism; for most of the past century Georgia's people were mired in poverty with no economic freedom and greatly suffered under communist rule. Georgia was ranked by the World Bank as the #1 economic reformer in the world for 2007. It will be very interesting to see these changes first hand...and did I mention the food?

Here is a Georgian tourist site to check out some of the beauty of Georgia.