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Holy Irrational Exuberance, Batman
QU prof pens comix on economix
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Business New Haven
3/17/2003
By: BNH
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HAMDEN - If you think Superman flies high in comic books, you might marvel at the awesome power of inflation.
Edward I. Steinberg, a visiting professor of economics at Quinnipiac University, is the author of several comic books published by the Federal Reserve Bank of New York that help students better make sense of complex theories of economics.
Steinberg calls the comic books "illustrated textbooks" that leaven practical lessons in money matters with the creative license of comic book fantasy.
For example, the cover of The Story of Inflation depicts several expressive cash register receipts panicking as the "inflation elevator" they're riding crashes through the roof of their building and shoots toward the sky.
Inside, Steinberg's text makes clear sense of the inflation process, including this passage, illustrated by a young man balancing on a tightrope:
"The Fed's job of influencing money and credit conditions in the economy often is a balancing act. If money and credit grow too rapidly, inflation can result. If they grow too slowly, the result can be a recession."
While some of Steinberg's comics are aimed at elementary school students, others are geared toward the upper grades, including college students such as those he teaches at Quinnipiac.
Steinberg says that the comic books are a successful way to transform the dull reputation of economic study into something more exciting and fun to grasp.
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