Economics is About the Common People

One of the things I love about economics is that it is so broad and all encompassing.  Things that appear to be seemingly unrelated actually are. The more books I read, the more investment vehicles I use, the longer I trade in the stock market, the more I realized how the mindset of a seemingly insignificant average joe could drastically alter a nation's GDP.  How can the whim of an average person have such far reaching effects you might ask?

Fight Over Money? I'll Take a Piece of Slightly Rotted Cow

I was watching a show on the Travel Channel and laughed when I heard that the African tribesman on TV thought cheese was disgusting and couldn't understand why Americans would want to eat spoiled milk. Likewise, I'm pretty sure American viewers like me were baffled to learn that while the tribesman thought cheese was disgusting he thought eating the fresh blood clot of a cow was perfectly normal. What makes me wonder what is normal anyways? I guess it just depends on what you're used to and what your perspective is. I believe the same holds true for money.

Stock Market Booms Are Not A Good Thing: Yin Yang Economics Part 7

You know what I don't get?   Why do economists and all the talking heads on TV say stuff like the economy is recovering or is booming because this financial number or that number is doing well, but yet when you walk around and actually look at US cities and neighborhoods, people are still homeless and jobless and there isn't anything US made on store shelves anymore?

The Fallacy of Higher Education: Yin Yang Economics Part 6

It used to be that getting a college degree was that of a privileged few, but nowadays a college degree is a dime a dozen and doesn't mean much anymore to potential employers.   In this tough economy, it's becoming more about who you know that gets you the job not your degree.  Networking has always been very important in landing a job, but now this is true more than ever before.  I would say even more important than a degree from Harvard in some cases.  How did I arrive at this conclusion?

Pay Me Money to Lose Your Money: Yin Yang Economics Part 5

If you're interested in investing money you probably already figured out the fallacy of hiring someone to earn you money. Seriously, think about it. If someone came up to you and said, "Pay me thousands of dollars to lose your money over an extended amount of time," would you hire them?

The Sky is Falling, But Don't Worry, Be Happy

In my previous post I said that economics is related to the question, "Why is the answer why?" This question seems to make no sense whatsoever unless you actually stop and think about it. Let me give you an example of why we need to ask ourselves the question, "Why?". Have you ever met a person who simply did something so retarded you began to wonder if they had a brain or not?

The Evolution of Stupid:Yin Yang Economics Part 4

Have you ever noticed that US presidents tend to evolve while in office? They all cycle through the phases of hero to ineffective to evil to stupid monkey boy and