Is Time We Stopped Pretending?

With unemployment rates flourishing between 25% and 35% your philosophy that the government shouldn’t intervene in the economy is only making matter worst. This is by far one of the most horrible eras to live in. People are discouraged and losing faith in you rapidly, and believe that you are basically letting us starve to

The book begins by saying that economics has more incorrect arguments than any other study. The two critical reasons for this are: People don’t care about the long term health of the public, as much as the care about the short term gain in their private lives. Special interest groups create or reuse correct-sounding fallacies to promote their viewpoint. Economics consists in looking at more than the immediate policy; It includes seeing the problems of the policy for not just one group but for all groups. The misconception that government spending boosts the Economy, is a result of a system of misconceptions. The fact that, we don’t address deficit spending and inflation and assume that public spending will be covered in taxes, is a delusional dream.

In the United States, we encounter quite a bit of obstacles that we can’t seem to get rid of completely. We as a nation deal with inflation, unemployment, stagflation, recessions, depressions, and so much more. Reading these three articles opened my eyes to the world of economics, and even made me question the society we live in. I’ve learned that sometimes questions can’t be answered, and I learned that once we solve one issue, there is always another issue on its way. These articles made me analyze, and think about the future of economics, and what I can do to try and help the economy. These authors of these three articles make it very clear that there are issues in the United States, and they do an amazing job

For economists and politicians alike, efficiency and equity pose an insoluble trade-off that any administration must determine their stance on. On one hand, classical and neoclassical economists denounce government intervention in the economy by claiming that market achieves its epitome of efficiency when business is responsible for the allocation of scarce resources in their pursuit of profit; on the other hand, Keynesian economists can’t stress enough the role of government in resolving market failures and promoting equity among members of the

Nations have debated on which economic direction their country will direct its footsteps since the creation of societies. The United States, being one of the most stereotypical capitalistic nations, began as a Laissez-faire nation, but throughout the centuries America’s economic standpoint has shifted more into Socialism rather than Laissez-faire. The second largest economy in the world, China, is widely understood as being a socialist country, however, for the past years they have been inclined towards a more capitalist nation, but are still officially socialist. Socialism and Laissez-faire both have fatal flaws, but both concepts can be blended and pragmatic to the new millennium while having a positive future.

Generally there are several key positions voters focus on when selecting a presidential candidate. Whether they release it or not, macroeconomics take a key in their thoughts by defining candidates based on positions of unemployment, income, and inflation. Many believe that voter support is based on differentiating viewpoints of past, present, and future economic conditions. For the most part, voters position themselves on one side or the other of the same coin. There is one side of the coin that is largely concerned with what the incumbent will personally do for them; the other side focuses on what the future president will do for the country. Donald R. Kinder and D. Roderick Kiewiet refer to the first group as pocketbook

Well I guess you could look at that question as one of the roles of policy. To bring fairness to the economy. Now to jump into chapter twelve; inevitable political debate. There a truly going to be endless and infinite amounts of political debates for as long as we shall live here on this earth.

A persons social, educational and/or economic background can affect how or they vote. A person’s social background can affect the way they vote by the fact that their social background defines how one was raised. You can be raised to be or think a certain way. People raised into a family of wealth will tend to have a better educational and economic background which also affects the voting turnout. According to Bardes, Shelley, and Schmidt, authors of, “American Government and Politics Today: The Essentials 2015-2016 Edition,” “the more [educated a voter is, the more likely they are to vote].” This indicates that people who have been well educated and have gone

In the The Politics of Bad Ideas, Bryan Jones and Walter Williams examine the United States’ economic policies of the past quarter century and explore the policy practices of the nation, while stressing the importance of evidence-based policy. Jones, a political scientist, and Williams, an economist, argue that the persistence of bad ideas in shaping American policy continues to exist, despite evidence that certain policies do not work. The Politics of Bad Ideas examines why bad economic ideas, such as cutting taxes without cutting spending, have become so influential in shaping fiscal policies. Using in-depth scholarly research and economic analysis, Jones and Williams explore why these bad ideas continue to thrive, despite overwhelming evidence that they in fact cause damage to the federal government's economy in the long-run. The

In political elections the people who vote are people who make more money and have a higher education. In 2010 midterm elections 59% of voters made $100,000 dollars or above the to other 43% made less than $50,000 dollars. Many of the voters that made more money had gone to college and had degrees. The voter who made less money had only graduated high school or did not graduate high school. The people who went to college had learned more about politics and had more confidence in their ability to vote and make a difference. Wealthier americans being the main group voting can lead to the wealthier people can have a larger control over the politics.

In 2001, the U. S. Congress enacted the Economic Growth and Tax Reconciliation Act (EGTRA). Political scientists, Larry Bartel, Jacob Hacker, and Paul Pierson, investigated why voters supported it. The three agreed that EGTRA only benefitted the wealthy, however their research and methodology disagreed on why the public favored its passage. Using the Meltzer-Richard model, Bartel argued that voters lacked the knowledge to make a wise decision. On the other hand, Hacker and Pierson did not only countered Bartel’s attack, but were able to make an improved analysis as to why voters supported the EGTRA using the Meltzer-Richard Model.

Gerson P. Lima stresses that the economic policy has been commanded by the central banks´ shareholders, since the supposed core of the democratic political power, the Congress, transferred to them the exclusive political power of printing money. It may be expected that whoever has the power of printing money do it for the own sake and who has sufficient money has the power to buy everything one desires, like a powerful army, a communication vehicles worldwide system, the pharmaceutical industry, universities, economic think tanks, man´s conscience, convenient laws, etc., and use them to reach whatever the one´s ends may be. So, the contribution of economics to a democratic economic policy should be a sound real world economic theory. Therefore, Lima proposes “an attempt to present a modern version of an old theory, with the aid of an experiment” then “suggesting a starting point to the development of a real world economic theory reliable enough to replace the

     “In addition to theses endless pleading of self-interest, there is a second main factor that spawns new economic fallacies every day. This is the persistent tendency of men to see only the immediate effects of a given policy, or its effects only on a special group and to neglect

Deniz, I share with you the idea that “the most powerful misappropriate economics mainly through their political, economic and ethical power, together with allied economists” and commanded by central banks shareholders. I also agree with Stephen Ternyik that “they will not take the whole cake home if economic science will be applied”. Accordingly, in my Conference paper I estimated the aggregate supply and demand of the United Stated and demonstrated that the monetary policy may be at the root of this misappropriation for it causes GDP to fall (less employment and lower workers´ income) and prices to raise (more capitalists´ rent).

. Through the process of reading, I learned many things about the economy. First of all, I learned that it is a much more difficult decision to come to in regards of how much government involvement in the nation’s economy is enough, how much is too little, and how much is not enough. I also learned that trying to keep the economy stable and productive is a constant and difficult struggle, and that it is often difficult to even know what needs to or can be done in order to stabilize it. While I find economics to be somewhat boring (I am a music major and largely emotionally driven, which means that my entertainment is usually emotionally involving somehow), I actually enjoyed how Wheelan explained economics in this book. While I would not read it for fun, reading this book as an assignment was not painful.