Monday, January 19, 2015
Elizabeth Chun, introduction, question 6
One of the more suprising points in the introduction was that "many of our brightest citizens are economically illiterate" (xviii). It is somewhat concerning that many politicians do not pay very much attention to economics and many political debates include false economic assumptions whether they are about American unemployment and international trade or the number of work hours in a week. I also thought the passage about the excess costs of cars that drivers do not have to pay was interesting too. It was a simple metaphor that clearly explained the issue that is that people will spend money that is not theirs.
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