Economics & Politics
As we saw in the last lesson, the world of Economics and the world of Politics often link closely together. In fact, Adam Smith would probably be turning in his grave if he knew how much intervention the government has in the economy today. It's possible that such intervention isn't bad, but it's also possible that it is: it just depends on your point of view.
And that, in essence, is the crux of the problem: how do we determine who is right? In any country, but especially one so incredibly polarized as the United States, this is a monumental challenge; when you throw in the ideas of macroeconomics, it gets even more complicated.
In addition to the slides in class, we watched the movie Inside Job, which discusses the 2008 financial crisis and the ties between the politicians and bankers who caused that crisis. Also, it is narrated by the steely voice of Matt Damon, which just makes people swoon.
And that, in essence, is the crux of the problem: how do we determine who is right? In any country, but especially one so incredibly polarized as the United States, this is a monumental challenge; when you throw in the ideas of macroeconomics, it gets even more complicated.
In addition to the slides in class, we watched the movie Inside Job, which discusses the 2008 financial crisis and the ties between the politicians and bankers who caused that crisis. Also, it is narrated by the steely voice of Matt Damon, which just makes people swoon.