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Economics Teacher: 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.
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More from Ferris Bueller's Day Off
Jean: Oh, fine. What’s this? What’s his problem?
Joyce: He doesn’t feel well.
Jean: Yeah, right. Dry that one out and you can fertilize the lawn.
Ferris: If anybody needs a day off, it’s Cameron. He has a lot of things to sort out before he graduates. He can’t be wound this tight and go to college. His roommate’ll kill him. I’ve come close myself. But I like him. He’s a little easier to take when you know why he’s like he is. The boy cannot relax. Pardon my French but Cameron is so tight that if you stuck a lump of coal up his ass, in two weeks you’d have a diamond.
Simone: My best friend’s sister’s boyfriend’s brother’s girlfriend heard from this guy who knows this kid who’s going with a girl who saw Ferris pass-out at 31 Flavors last night. I guess it’s pretty serious.
Ferris: This is my ninth day missed. Cameron, I’m not doing this for me, I’m doing this for you.
Ferris: Oh, I’m sorry I can’t come to the door right now. I feel that in my weakened condition I could take a nasty spill down the stairs and subject myself to further school absences.