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Opinion

Lindalyn’s Journal

When it comes to test results, educators are increasingly playing fast and loose with the facts. What’s the harm with a little grade inflation, some might say, if students feel good about their performance? Plenty. And the costs – both social and economic – are piling up.

Lindalyn Kakadelis

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Opinion

Two-Way Prices and Two-Way Streets

Money prices drive market decisionmaking, and help ensure that consumers get what they want, when they want it, and in the quantities they want. It is the ability of prices to be flexible in response to changes, to move up and down quickly in response to demand or supply changes, that almost single-handedly prevents shortages and surpluses from occurring. How should we 'manage' prices and wages to produce the best economic results? The Invisible Hand.

Dr. Karen Y. Palasek