Tuesday, April 8, 2014
10
Something that I found very curious in this chapter was how our country works so much more then every other country in the world, but our economy struggles still. I did some research and found that the French end up working 499 hours less then we do per year. Plus France's inflation rate is lower then ours which sets their country up better to have a stronger economy since interest rates aren't so high. So the question that raises my attention is so if we as Americans took a step back from working so much and tried to enjoy life rather then always worried about having more money, would it help our economy in the long run? Since lots of inflation ruins our economy a lot then would it be better if we stopped rushing to spend out money to quickly? My final word is that since Wheelan discusses how governments can settle their debt by "pulling the inflation rip cord" which in essence seems to screw everyone but the government, so I know that the federal reserve has done much to limit financial crisis but is there any way to make it to so we help our economy for longer then the short term.
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