95 Percent Of Economics Is Common Sense

Above A Certain Level Of Income, The Relative Value Of Material Consumption Vis-a-vis Leisure Time Is Diminished, So Earning A Higher Income At The Cost Of Working Longer Hours May Reduce The Quality Of Your Life. More Importantly, The Fact That The Citizens Of A Country Work Longer Than Others In Comparable Countries Does Not Necessarily Mean That They Like Working Longer Hours. They May Be Compelled To Work Long Hours, Even If They Actually Want To Take Longer Holidays.

95 Percent Of Economics Is Common Sense Made Complicated, And Even For The Remaining 5 Percent, The Essential Reasoning, If Not All The Technical Details, Can Be Explained In Plain Terms.

History Is On The Side Of The Regulators.

It's Not Just About The Current Economic Environment. History Shows That Slashing Budgets Always Leads To Recession.

If We Are Really Serious About Preventing Another Crisis Like The 2008 Meltdown We Should Simply Ban Complex Financial Instruments, Unless They Can Be Unambiguously Shown To Benefit Society In The Long Run. This Is What We Do All The Time With Other Products-drugs, Cars, Electrical Products And Many Others.