by Gilb0rt April 21, 2022
Get the School water mug.*noun*, term used in economics to refer to the New Classical economics. The fresh water school was lead by Robert E. Lucas, Thomas J. Sargent, and Robert Barro; its position was that fiscal policy and monetary policy are doomed to be ineffective, since they rely on "fooling the public."
Instead, they argued that even tax cuts had no stimulus effect (in contrast to "supply side economics"), and of course they were resolutely opposed to government spending. Instead, the fresh water school maintained that a recession was caused by markets adjusting to a technology shock to create a structurally different economic system. The best thing to do was to allow the markets to restructure industry on their own.
The fresh water school was known for their support of the "rational expectations hypothesis" (REH) and "real business cycle" (RBC) theory.
Instead, they argued that even tax cuts had no stimulus effect (in contrast to "supply side economics"), and of course they were resolutely opposed to government spending. Instead, the fresh water school maintained that a recession was caused by markets adjusting to a technology shock to create a structurally different economic system. The best thing to do was to allow the markets to restructure industry on their own.
The fresh water school was known for their support of the "rational expectations hypothesis" (REH) and "real business cycle" (RBC) theory.
But lately, a ...school of skeptics who think the Government usually just gums things up is gaining attention and influence. The skeptics are known as the "fresh water school," less for the purity of their thought than for their origins at universities along the shores of the Great Lakes.
"'Fresh Water' Economists Gain," *New York Times*, 23 July 1988
"'Fresh Water' Economists Gain," *New York Times*, 23 July 1988
by Abu Yahya March 5, 2009
Get the fresh water school mug.there are 3 school water fountains found in our school
1. the actual working one
2. the one that has water that tastes like piss
3. and the one that the school never fixes
1. the actual working one
2. the one that has water that tastes like piss
3. and the one that the school never fixes
Friend: yo, did you hear the story about Billy and the school water fountain?
Me: no?
Friend: he drank from the forbidden school water fountain!
Me: actually?
Friend: and he died!!!!
Me: NO SHIT ITS THE FORBIDDEN SCHOOL WATER FOUNTAIN!
(the forbidden school water fountain is no.3 btw)
Me: no?
Friend: he drank from the forbidden school water fountain!
Me: actually?
Friend: and he died!!!!
Me: NO SHIT ITS THE FORBIDDEN SCHOOL WATER FOUNTAIN!
(the forbidden school water fountain is no.3 btw)
by school_chromebook_user December 9, 2025
Get the school water fountain mug.by Lunandcheez October 19, 2022
Get the School water fountain mug.Person 1: Damn I really hate that water from the school's water fountain!
Person 2: Bro I heard a rumor that they put makeup remover in there!!
Person 1: So school water fountains are just nasty structures that contain liquid poison...
Person 2: Yeah probably...
Person 2: Bro I heard a rumor that they put makeup remover in there!!
Person 1: So school water fountains are just nasty structures that contain liquid poison...
Person 2: Yeah probably...
by THAT_GIRL_CALUDA!!! February 8, 2023
Get the School water mug.