Tuesday, January 21, 2014

Introduction

6. What really struck me about this introduction was beyond just its ability to capture my attention, but its legitimate reasonings that everyone on this planet could use a little more knowledge on the subject of economics. One passage that particularly stuck out to me was when it mentioned the various political blunders those made when they ignored what should be simple economics* or at least logical sense. Like the French Socialist program that did absolutely nothing to help the job market or economy, in which they assumed that there were only a fixed number of jobs available in the economy. Even I, currently mystified and not well versed in the laws of economics, could see that that just really does not make any sense. Why are politicians and leaders making these uneducated decisions that affect millions of lives? Or as in the case of the 2008 election and Barack Obama making economically-driven campaign promises that may or may not have been substantiated by facts? Why don't more people make sure they have basic economics training if they expect to run an economy or even become a part of what makes it work? How is this unknowingly affecting our lives while the government makes calls that are not wholly sound?


*Disclaimer: I do not think that economics is simple, the author states these things like they are very basic human knowledge sometimes.

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