tag:blogger.com,1999:blog-6824345661289105799.post3850686309298490078..comments2023-11-03T08:36:09.683-05:00Comments on Brooks Wilson's Economics Blog: The Views of Economists and Non Economists On The Economy (Repost I)Brooks M. Wilsonhttp://www.blogger.com/profile/17097849558228531431noreply@blogger.comBlogger47125tag:blogger.com,1999:blog-6824345661289105799.post-46062445552400232082012-06-08T15:46:42.773-05:002012-06-08T15:46:42.773-05:00The antiforeign bias is one that I think people st...The antiforeign bias is one that I think people struggle with because they do not understand that today's economy is intertwined. Today's market is a prime example. Our stock market is changing not based on what is happening here but what is happening in Europe. People are not always as informed as they believe they are.K Houlenoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-65246249773751984172012-01-29T20:04:34.522-06:002012-01-29T20:04:34.522-06:00as a person. you need to vote based on your own be...as a person. you need to vote based on your own beliefs and moral values.listen to what they are saying and judge for yourself, who you feel that would best represent your community, country, you and your family as an citizen.krystal reyesnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-7412030938528806262012-01-27T10:32:52.201-06:002012-01-27T10:32:52.201-06:00Times have changed. People shouldn't just bas...Times have changed. People shouldn't just base their votes and opinions on what party they consider themselves to be. As I have seen, our government isn't the smartest when it comes to our financial situation. I think we should try something a little different and listen more to the economist and who we think has learned from the mistakes and are willing to change things up for the better.Sammienoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-76770248468303321732012-01-26T23:09:42.853-06:002012-01-26T23:09:42.853-06:00I wouldn't classify economist as liberal or co...I wouldn't classify economist as liberal or conservative because of their views or beliefs. They are taught the money ins and outs. The go by graphs and formulas. Money is their job. To know how the economy reacts with money is there responsibly. Just because they know how the market will react because of how they were taught to look at it and learn it has nothing to do with politics. I do think they are highly misunderstood. If they don't look at or for the bad side of a economy problem before hand they they wont have anything to go on to see a way to fix it. I do see that economist are very detailed orientated people that always have a plan b set up.I don't see how thinking ahead and planning is a bad bias.<br />Melissa OliverMelissa Olivernoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-49136057150138460122012-01-26T22:23:10.652-06:002012-01-26T22:23:10.652-06:00The bias that struck me the most was the pessimist...The bias that struck me the most was the pessimistic bias. Every time I hear anyone talking about the past, present, or future economies, it is all negative. Economists seem to have a very "glass half-empty" mindset when it comes to the economy. I think the main reason they come across that was is because a lot of people do not understand what they are saying, so they misunderstand them. Also, they to not come across very excited about anything, they are typically dipicted as monotone and lethargic. They don't seem to have much of a personality in front of the layman.Bryan Longnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-68538985272659610882012-01-26T21:56:05.896-06:002012-01-26T21:56:05.896-06:00I agree that voting would be much more effective i...I agree that voting would be much more effective if all voters were actually watching and listening to every debate, and learning everything they can about each candidate. Voting simply due to party is just not worth the time that you spend voting. I believe that everyone should vote. But I also believe that one should be passionate about what they are doing, and not just voting democratic because that's how their parents always voted. I would prefer to hear what an economist has to say. They are the ones looking at the big picture including our past, present, and future.Kati Higginbothamhttps://www.blogger.com/profile/02539400265180164899noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-12749061943801003232012-01-26T21:13:26.160-06:002012-01-26T21:13:26.160-06:00There are alot of good views among all of those th...There are alot of good views among all of those that have posted. I think that people do vote one party, and economists have a bad rap when a president makes decisions that we don't all agree with. Everyone has their own opinion and agenda as to what's right and why, but every four year's we change presidents in hope for a better economy. Economists are normally right on what the economy needs and our president's don't always listen to what the economist's advise.ms333https://www.blogger.com/profile/17029508344787635269noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-32696798169360245112012-01-26T21:01:24.763-06:002012-01-26T21:01:24.763-06:00Economists look at the past and present in order t...Economists look at the past and present in order to predict the future economy trends or needs. Looking past your party affiliation to the needs of the country as a whole is a must. Past needs are not always current needs and will undoubtedly change in the future. Objective, well researched study is needed to satify the economist's role.Mickeynoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-72980264779929886962011-09-15T17:39:01.384-05:002011-09-15T17:39:01.384-05:00I noticed someone said "I believe Americans h...I noticed someone said "I believe Americans have the right to be pessimistic in today's world". This is how easily people differ in opinions. I could not imagine feeling that way. As a matter of fact, I would love to see our future become not only greater in supply and demand, but in optimism and patience. I understand our economy is not one to brag about currently but being a negative person or party until it changes for the better is not a way of life. We all need something to believe in and i wont argue with that..but it starts with believing in ourselves and being apart of groups to create optimism but not following a group when it comes to voting. A lot of people find it easy and secure following the next person or persons when it comes to making decisions about things they are not as educated on or about. This is where doing our own research is very important. If you don't firmly have an opinion about who to vote for then the campaign with the most/largest parties and/or best marketing development will probably seeks most votes.Chris Simmonsnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-73842054160245623892011-09-01T21:17:41.029-05:002011-09-01T21:17:41.029-05:00I think if people would vote how they feel things ...I think if people would vote how they feel things would be different. Some stay with what their family decides to do or friends and they do not want to cause rift raft so they go along with it. If everyone was not only honest with choices but themselves things would not be like they are today. We would all have free speech and not be afraid of speaking. Let everyone do there job and not so much critizising each other.Laura Ledfordnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-80814106345273924742011-09-01T13:53:25.689-05:002011-09-01T13:53:25.689-05:00The first few differences between citizens and eco...The first few differences between citizens and economists in this post can be accounted for with the fact that economists look at the big picture, while citizens look at what is going to most harm or benefit them, their friends, and their families DIRECTLY. Economists take into account that what we may not see as affecting us immediately, may do us world of good in the long run - indirectly, I think this has a lot to do with why they are often seen as liberal.<br /><br />As far as the last point, and at the risk of sounding like a brat - it's hard to be optimistic. What do we have to be optimistic about concerning our economy? Yes, this may be the best living our nation has ever had , but it is also all we have ever known, and all we keep hearing is that we (teens and twentys) and our children are going to have to clean up the mess that our nation has gotten into. Why would we be anything but pessimistic about that?Nicole Millerhttps://www.blogger.com/profile/08544066595614752307noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-2573539018087869442011-08-31T21:38:59.854-05:002011-08-31T21:38:59.854-05:00Ester Anderson Said.....
I agree its hard not to b...Ester Anderson Said.....<br />I agree its hard not to be a pessimist no and days.If you figure it out and maybe im wrong but if China came knocking every family would owe around 200,000 per household.I cant believe we are in such bad of debt.we are supposed to be number one United states Yeah.Everyone wants to be here but it seems like eventually we will be the third world country if things dont shape up.I mean people are complaining about our education for our future generation and how other countrys have smarter children ,but really give me a break....If your so concerned why are you cutting back on funds for education! It crazy thats all I can say CRAZY!!!!!So I agree with other post if you keep stating the ecomomys so bad and is only getting worse the moral is only going to get worse like some one esle stated in there post.I feel like the expert economist need to get it in gear instead of over estimating or underestimating things.Also why do they put thier ideas out there and other experts dont agree ?It just makes it that much harder for the people to know which way is up.At least with scientist we know the sun is in the sky during the daytime and the moon comes out at night.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-8884388654242351352011-08-31T19:33:39.248-05:002011-08-31T19:33:39.248-05:00When observing the American economy it's hard ...When observing the American economy it's hard not to be pessimistic. I'm not saying i am but if someone is told their whole life that they are a loser then they eventually believe they are a loser. This is all power of suggestion. Every time you turn on the radio or TV all you hear is that the economy is worse today than yesterday and they find particular segments of society to back up this claim. There is no doubt the economy is bad and we have unemployment issues but with some simple words they might be able to turn some of it around. if you are un-employed and wake up every morning hearing how bad the economy is then what is your motivation to get out there and try. Can economist affect the economy by their reporting? The thought that people think we are worse off today than 50 years ago is concerning. As stated in the blog post we have more luxuries than ever before but have we become spoiled by modern advances? My personal opinion is that we have become lazy as a society and want everything handed to us. Until this since of entitlment is erradicated we will continue to question the economy and how well it is doing.<br /><br />Kevin RhodesKevin Rhodesnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-35463152594368011812011-08-31T14:06:56.886-05:002011-08-31T14:06:56.886-05:00I agree that the pessimism about the future of the...I agree that the pessimism about the future of the U.S. economy is disconcerting. Even in this difficult time the U.S. economy is still the largest in the world. The U.S., population wise is a 3rd the size of China and a 3rd the size of India. No society has made greater financial or technological gains in the history of the world than the U.S. For example, in the late 1800's the U.S. government passed its first ever $1,000,000,000 budget. Today the National Football League, an entertainment enterprise is worth over $9,000,000,000. That jump was made in a little over 100 years. No other society in history has had gains like that. That is a small example from a small segmented entertainment industry that shows what the American economic system has created. Many of the ilnesses that people struggled with in 1811 they still struggled with in 1911, but they are almost non-existent today. When was the last time you heard of someone contracting Polio? In the 1970's cancer was practically a death sentence and while it has not been eradicated completely, the life expectancy has increased astronomically. All of these things have been brought about by the U.S. marketplace. I believe that the problems we face today are big problems but they are solveable problems. The marketplace will begin hiring again and in 15 years we will again be talking about the bright future of the U.S. economy.Joe Avileshttps://www.blogger.com/profile/08040765770336312979noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-46624463349445781382011-08-31T13:05:45.202-05:002011-08-31T13:05:45.202-05:00I have heard people tell me that even though they ...I have heard people tell me that even though they do not agree with a Republican candidates plans for the U.S., they will still vote straight Republican solely for religious reasons. For alot of people, it has nothing to do with the state of the economy but rather issues like abortion, welfare, etc. I see that the economy is one big roller coaster, with many ups and downs. <br />Gena HarcrowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-3521625974447851502011-08-30T12:38:23.107-05:002011-08-30T12:38:23.107-05:00As I have read some of the other posts, one thing ...As I have read some of the other posts, one thing kept popping into my head. It doesn’t look like any of these responses have come from someone running a big business. Bottom line, people work for a business because they don’t own a business. People work to earn money, and the more money you make, the more successful you are considered. Let’s say you owned a company and made $10.00 profit on an item after paying employee wages, taxes and health care expenses. You were presented a method of technology that enabled you to make $30.00 profit with half of the expenses. I’m not sure I could pass that up and say “no-thanks, I would rather have Freddie-John and Peggy-Sue employed than increase my profit margin”. Now, I am not in support of some of the tactics of big business, but right or wrong, I understand it. Not to sound like I am applying that natural selection is the answer, but people who are resilient will find work, or prepare themselves for another career. No disrespect to my instructor, but I am not taking economics for my love of graphing and variables. There will always be a divide in the line between rich and poor, and expecting the government to ensure that no one falls into the latter category is not realistic.Randy Novaknoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-12782017911017863062011-08-29T17:05:01.591-05:002011-08-29T17:05:01.591-05:00Our economy is a shipwreck and has been for a whil...Our economy is a shipwreck and has been for a while. How can it be any other way with the "baby boomers" hitting Social Security and Medicare. I kept thinking for a long time that as we die off things would get better. I am at the very end of the "baby boomers." The only thing wrong with this theory is that our good doctors are learning more and more ways to keep us alive. I like to think this is a good thing but economically it probably isn't such a good thing. Hopefully with the aid of economists and other advisers we can eventually clean up our economy. There is a large part of the boomer population that has never planned for retirement. That would have been the last thing on our minds in the 60's early 70's. Predict, advise, all you want it ultimately is someone else that makes a final decision. I just hope for our children's future and our grand children's futures that it is the right decision. So,with no plan you have a lot of people out there that work till they get to old to work and get forced to retire then when you have that happen you also have welfare kick in to help keep them fed and with shelter.Bea Loeschhttps://www.blogger.com/profile/15384142101589732637noreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-71121214729048609332011-08-23T12:20:02.752-05:002011-08-23T12:20:02.752-05:00Economist may never be considered experts to some ...Economist may never be considered experts to some but that is because of the fear that many people have of the truth or the unknown. Economist might favor things like outsorceing or machines to increase productivity. Public might want the use of manual labor to accomplish the same goals, many americans are afraid of the idea of loss of income so if an economist suggest something that would alter the imcome in a negative way for the public well we have then become a threat to a way of life.We can do all types of research and test but when you affect a persons standard of living for the worst then you have crossed a fine line that economist must walk.You have to be able to create a smooth sense of understanding that won't be taken as a threat. In fact economist are professals but when you don't agree with the group you can be discredited.Montrelle Mathewsnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-10780703450342000402011-06-11T16:14:30.300-05:002011-06-11T16:14:30.300-05:00I feel like American consumers are beyond looking ...I feel like American consumers are beyond looking toward a bright future and instead they are planning for the worst. Pessimism is a sickness that has captured the country. <br />Spending dropped in 2008 and has not increased since. This is a cause of fear has snowballed with the help of the media and government officials. Watching the news makes you feel like the end of the world is around the corner. I am a realist and I don't believe the answer is in sugar coating the situation but I feel that the media does a good job in speaking in drastic terms that are not necessary. The idea that positivity has a ripple effect is true whether we embrace it or not. This <br />Selling is an attitude and whether it is food at the grocery store or selling a house, if you as a seller can talk to a consumer with genuine positivity accompanied with a real-world outlook, selling will become easier.Lindsay Murffnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-77238552488569091572011-04-28T14:59:39.513-05:002011-04-28T14:59:39.513-05:00Its crazy how people don't respect economist m...Its crazy how people don't respect economist more than they do. I mean, the fact is that they know what they are talking about and have knowledge in things which every other American just makes drastic assumptions that are most likely wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-90075170663645562812011-03-01T18:45:38.249-06:002011-03-01T18:45:38.249-06:00I'm reading this blog for the second time... a...I'm reading this blog for the second time... and I think what struck me the most this time, was the note about employment, in regards to the eliminating and creating jobs. It seems odd, but also very true to me, that eliminating jobs is actually forward progress. In light of the current bailouts, unemployment and debate over extending employment benefits, I wish that more of the "opinionated" public could read and understand this. There are some obstacles we as a nation face with employing our public, but I still feel that all of those truly willing to work, can almost always find a way to do so. Or, maybe I'm just a liberal....Missy Hardemannoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-77787150176490456552011-01-30T23:25:07.926-06:002011-01-30T23:25:07.926-06:00I think most people are a certain party because th...I think most people are a certain party because that what they were raised around. I think alot of people say they are with party but vote differenly. Look at the past election because they didn't agree with one person they most like voted straight demo or rep and someone they didn't have a problem with lost because of the straight ticket. People need to leav parties along and vote for who will make things better and or get the job done. Juliett JonesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-5294589994577059332011-01-29T22:17:16.002-06:002011-01-29T22:17:16.002-06:00Part of the politicians job is to be pessimistic t...Part of the politicians job is to be pessimistic towards the public. The non economist are overall pessimistic because they really don't have the facts. Overall, everyone has an opinion on different subjects that affect all of us and what opinion is right or wrong?Everanit Lopeznoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-49103499640212344212011-01-29T17:04:31.257-06:002011-01-29T17:04:31.257-06:00I believe that people need to vote according to wh...I believe that people need to vote according to who will be doing the better job for our country. They need to look at the issues not the party they are for. As politicions they have a duty to everyone in this country to do what is best accourding to the issues not just what the party wants them to do.Rebecca Northcuttnoreply@blogger.comtag:blogger.com,1999:blog-6824345661289105799.post-2921464546175236492011-01-29T14:09:51.304-06:002011-01-29T14:09:51.304-06:00Samuelson was correct when he stated that there is...Samuelson was correct when he stated that there is no satisfactory alternative to a market system to organize economically rich and poor populations. This can be seen with international trade today. In poor economic nations, there are not resources (education, technology, etc) to produce the more state of the art products that the economically rich populations want. Therefore one can assume that the poor populations will best be served to produce basic products such as agricultural products, clothes, etc. One can not see citizens of an economically rich population accepting a lower wage to produce these basic products, so members of that population should obtain training or education to produce the more technologically advance products that the poorer populations cannot produce.<br /><br />Ken HaltomAnonymousnoreply@blogger.com