Plot Ferris Bueller is a wise cracking high school student who decides to take a day off for a little fun. As Ferris says "Life moves pretty fast. If you don't stop to look around once in a while, you could miss it." He convinces his best friend, Cameron, and girlfriend, Sloan, to join him.
Ed Rooney, the high school Principal, sees Ferris's attempt to get a little fun as an act of rebellion against his authority. He sets out to catch Ferris and make an example of him for other students.
Ben Stein delivers a memorable performance as the Economics Teacher. He discusses the Hawley-Smoot Tariff act while semi-conscious students look on.
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."