Monday, October 26, 2015
Chapter 9 , Question 6
I was drawn to reading about the recession in 2007 because I faintly remember my parents talking about it and worried about it and beaming more cautions. I think why this passage really grabbed my attention was because everyone's spending affects everyone. What you buy for lunch, if you decide to buy or sell your house. Everything. I mean before I knew money circulated and such, but I didn't really connect it all together. The line also, "if we all believe that the economy will get worse, then it will get worse. And if we all believe it will get better, then it will get better." I think this demonstraightss how much the economy is a system where we all act out of our own self interest, when really it is all of us that determin how it is and all of us and our spending or saving that affect it.
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