We have a lot of talk today that "It's worth saving one life, even if we ruin the economy." People who say this overlook the fact that the economy is a collection of individuals and the decisions they make when interacting. All of these people overlook what a bad economy means for real people.
- Ben Bernanke"I got into economics because I wanted to make things better for the average person."
Today, I'd like to talk about some topics with economic relevance and show how that truly affects people's lives. While I find utilitarian arguments weak as they can justify a range of opposing positions, I want to answer the utilitarian attacks on proponents for economic well-being.
What happens when the market takes a dive?
Buying opportunity for the young
Can bankrupt pensions- which kills people's retirements
My grandparents, who are living on their retirement funds, have 30% less right now.What does unemployment mean?
People unable to provide for their family- and $1200 won't cut it
Suicide risk increases 2-3 times, and is slightly more for men
Loss of productivity, which is what our country's debt's based on
It is taking a line of credit out in our grandkids name
It raises prices, but not before it benefits those close to the governmentJoin the Conversation of Our Generation!!!
SUBSCRIBE to The Conversation of Our Generation's Podcast now on iTunes!!
Also, now on Spotify too!
Subscribe to our email list for our Recommended Reading, reviews on books and other content that can grow your store of knowledge. New products will be coming soon, exclusively for subscribers.
If you would like to join me in the Conversation of Our Generation, follow me on Twitter @ConOfOurGen, Facebook Conversation of Our Generation Facebook Page and SteemIt @jamell