Since scarcity is the basic economic problem, if it does not exist then there is no reason for my economics course.

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What fascinates me about this is that the story illustrates the basic economic problem that all recycling faces: the cost of collection.

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Without a change in those basic economic policies the debt problem is just going to come back again.

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Sonesson contends that the problem boils down to basic economic logic.

CNN: June 27, 2012 -- Updated 1104 GMT (1904 HKT)

The only problem is, can you think of someone who's actually won office with the basic economic message being, I'm going to cut wasteful spending?

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