What Shutdown? Federal Spending per Day Is Down Only 7 Percent

What Shutdown? Federal Spending per Day Is Down Only 7 Percent By Mark Brandly In our Principles of Microeconomics courses, we sometimes consider whether a firm should shut down some line of production. A firm shuts down when it ceases operations, when it closes down and stops its production. The firm stops spending money on everything except its fixed costs. A federal government “shutdown” has a completely different meaning. There has been much hand wringing over the current government shutdown that began on December 22 of last year. The Treasury…

Read More