On the first day of class we
spoke about the syllabus and also why our economy is so broke, the experiments
that our president try with the citizens and gave each 600 dollar. Did it
help? We came to a solution no, because
people just spent the money. We spoke about Adam Smith, John Maynerd Keynes, N.
Greg Mankiew, and Paul Krugman. What a model is and some other key words. Such
as positive vs. normative the difference is the way things are done and the way
things should be done. Economist do thing with a model and that’s their
normative. Problems after problems our economist tells Bush to give the
citizens 600 dollars and they were expecting people to use it to pay their credit
card company they owe. Instead what everyone did was spent the money on what
was very important to them at that time. So their hypotheses were wrong it didn’t
help our people or our economy. On one
hand we don’t have money on the other we are still digging a hole for our country.
The economist of United States think everything through and use model and such
to simplify their point. But why still isn’t it not working…I personally don’t know
and that was one of the many problems we as a class try to find some kind of a
answer but yet no exactly solution.
Adam Smith was a Scottish
philosopher and economist. Also the author of Causes of The Wealth. He also came up with invisible hands.
John Maynerd Keynes, an economist also was little bet of peace maker. Let people
do as they like and they will become better at their jobs by choice and few
more famous economists. The history of economic deal with people speaking their
minds. Not everyone think the same and that’s why it became political. Health care,
business sell goods at a just price argued Thomas Aquinas, labor classes, tax
prices.
Obama care is the health plan
starting 2014. It’s not about how much you make or what kind of health care you
want. It’s based on age and where you live. So a person can be 20 years old and
not have any major health problem and there can be a 68 year old who have
really bad health. Who pays more the person that is younger she isn’t sick or
anything but she has longer to live so let’s charge her more. What about the
doctors that went to school for long time and isn’t able to charge their
people they have to fallow Obama care. The
good is that everyone gets health care but it still doesn’t feel fair. Charging
the rich why? I’m sure that if we were on the other side us being rich we all
would think the different like why should I pay more I not even that sick.
Some webs I looked up
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