Sup.
Sup, lj'ers. How's life?
Hopefully it's well.
Just got done finishing a whole 2 summer sessions of economics. So, I've take General, Micro, Macro, intermediate Macro and Monetary economics over the course of my college career, and what have I taken away from it all? Little next to nothing.
I will say this, however: it seems to me that monetary policies and agendas are pretty much completely isolated from political agendas. To me, economics is graphs and best guess predictions as well as emergency quick reactions to fluctuations in the economy. There's no one lobbying Ben Bernenke (chairman of the Fed). Furthermore, if you watch interviews and read articles on the aforementioned chairman of the Fed, it seems like what he and the Fed aims to do is just logical. Logical. Monetary policy is pretty transparent as of late, and if you argue that it's not, I'd like to hear your reasons why.
Even through all this economic downturn and messiness, the economics side of our nation seems to me to be pulling through and disregarding traditional methods in favor of radical (and effective!) new ones to keep this recession from turning into a Great Depression. Monetary policy just seems sterile. It just seems that there is little room for personal agendas as one can observe in everything from the terms of everyone on the FOMC, to the barring of media coverage during an FOMC meeting, to the lack of media coverage that Ben Bernenke actually gets (or wants/cares to get). It's all implemented so that the people behind our economy can make logical decisions without pressure put on them by making people or lobbyists happy.
It makes me want to vomit at the inefficiency and shadiness of the fiscal, political side of our nation.
And, ladies and gentlemen, that's the conclusion section of my taking economics most of my college career essay.
I'm not good at writing freely, especially at trying to recap everything I've learned spread real thin over the last 2 or 3 years, so if you have cool information or opinions, feel free to comment.
I almost don't want to file economics away in a drawer at the back of a warehouse, rather, keep building on what I've learned, and keep it at the back of my toolbox.
Hopefully it's well.
Just got done finishing a whole 2 summer sessions of economics. So, I've take General, Micro, Macro, intermediate Macro and Monetary economics over the course of my college career, and what have I taken away from it all? Little next to nothing.
I will say this, however: it seems to me that monetary policies and agendas are pretty much completely isolated from political agendas. To me, economics is graphs and best guess predictions as well as emergency quick reactions to fluctuations in the economy. There's no one lobbying Ben Bernenke (chairman of the Fed). Furthermore, if you watch interviews and read articles on the aforementioned chairman of the Fed, it seems like what he and the Fed aims to do is just logical. Logical. Monetary policy is pretty transparent as of late, and if you argue that it's not, I'd like to hear your reasons why.
Even through all this economic downturn and messiness, the economics side of our nation seems to me to be pulling through and disregarding traditional methods in favor of radical (and effective!) new ones to keep this recession from turning into a Great Depression. Monetary policy just seems sterile. It just seems that there is little room for personal agendas as one can observe in everything from the terms of everyone on the FOMC, to the barring of media coverage during an FOMC meeting, to the lack of media coverage that Ben Bernenke actually gets (or wants/cares to get). It's all implemented so that the people behind our economy can make logical decisions without pressure put on them by making people or lobbyists happy.
It makes me want to vomit at the inefficiency and shadiness of the fiscal, political side of our nation.
And, ladies and gentlemen, that's the conclusion section of my taking economics most of my college career essay.
I'm not good at writing freely, especially at trying to recap everything I've learned spread real thin over the last 2 or 3 years, so if you have cool information or opinions, feel free to comment.
I almost don't want to file economics away in a drawer at the back of a warehouse, rather, keep building on what I've learned, and keep it at the back of my toolbox.