:10:00
At this time of year, children
are prone to taking the day off.
:10:03
But I can assure you
that Ferris is a very sick boy.
:10:13
Never had one lesson.
:10:17
In 1930 the House of Representatives,
in an effort to alleviate the effects of ...
:10:25
Anyone?
:10:27
The Great Depression.
Passed the ... anyone?
:10:32
The Holly-Smoot Tariff Act.
:10:37
Which raised or lowered?
:10:40
Raisedtariffs in an effort to collect
more government revenue.
:10:45
Did it work?.
Anyone know the effects?
:10:50
It did not work and the United States
sank deeper into the Depression.
:10:54
Today, we have a similar debate
over this. Anyone know what this is?
:10:59
Anyone seen this before?
:11:03
The Laffer curve.
Anyone know what this says?
:11:06
It says that at this point
on the revenue curve -
:11:11
- you will get exactly the same
amount of revenue as at this point.
:11:16
Does anyone know
what Bush called this in 1980?
:11:21
Anyone? Something-doo economics.
Voodoo economics.
:11:39
Jeanie, I'm really sorry
about your brother.
:11:42
What are you sorry for?.
I have to live with him.
:11:45
- I heard he's really sick.
- Who said he's sick?.
:11:50
A bunch of people
say he's close to death.
:11:53
I heard that if Ferris dies, he's
giving his eyes to Stevie Wonder.
:11:59
He's such a sweetie. Got to go.