Chapter 7

Chapter 7
This chapter was very engaging and interesting. For starters, Wheelan offers in the chapter us something that we all can understand, The financial crisis in 2008. The borrowing of money and the buying and selling of stocks all combined into one chapter. I couldn't believe how much information was fit into one chapter. The interesting topic I want to discuss is the credit system, the fact that Americans are sponging money that isn't theirs. A crazy notion that people would put themselves into such a place as debt. It is all investment though. That is why The United States is in debt. It is to invest into the US's ability to produce more, and therefore in the long run be better off. Wheelan encourages us to do the same, To make good investment decisions and take risks. Investments are at the heart of economic thinking, it is thinking in the long run.