"In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics."

The Economics Teacher is a minor character in the movie Ferris Bueller's Day Off. He is famous for the line "Bueller...? Bueller...?" during the roll call scene. He is played by Ben Stein.

Trivia Edit

  • The actor Ben Stein was an actual writer, lawyer, and commentator in the field of economics.
    • In the scene where he was teaching economics to the sleep-deprived students, none of the stuff he said was scripted. He was told to say what he knew as he went along.