Chapter 7

Chapter 7 is relevant to our youthful spontaneous generation because of the analogies Wheelan proposes. He says that buying a house is like buying stocks. Just as no well conditioned house is going to magically appear inexpensive, there is no quick way to get rich in stocks. It highlighted the thinking process of economists when it comes to these types of situations. A second analogy he uses is waiting in line. We are quick to try to find the quickest way to become wealthy just as we try to find the fastest line. Economists then say it all averages out in the end so stick to one line. This seems like a reasonable ascertainment though I'm not quite sure why. My doubtful thought most likely stems from the fact that I am an atypical American looking for a shortcut to the front of the line.