Monday, May 18, 2015
Hayoung Lim, Epilogue, Question 2
The epilogue points out seven questions that are essential to understand what will be done in the future. This part of the book is meant to point out how the issues dealing with economy affects every part of our life. Not just how it is now but how it will be in 4 decades. The economic choices we make now can either drastically improve the lives of other or not. Wheelan points out how we still do not adequately understand monetary policies or how to keep our fiscal house in order. Without change to these we are only increasing the work that must be taken to fix them, that is why Wheelan brings up the importance of answering these questions now so that they can be implemented and change our futures. Not just those of us living in the US but also everyone, as noted by his questions on how we will use markets to improve societies, or better yet will we. There is no "right" answer to these questions but how we choose to respond will greatly change our future. Hopefully we respond in ways that will further benefits to everyone, I know I will be thinking upon these questions further as I do believe how they are answered will affect me.
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