Tuesday, May 8, 2012

Do You Even Realize?

  When i was in college I studied a course directive many of you are somewhat familiar with. Economics, the theory and application of the laws of supply and demand. The study of effects from outside forces... externalities. All this great and wonderful information that allows us to do what? Day one my professor we'll call him Professor Pompou Sass taught our class that economics was and is the ability to mathematically predict future market trends. We learned all about how to save the world from itself and how to best help the consumer know when to make their most economical and equitable purchases. The more i learned though the more i realized that the whole course, the whole principal, and the whole theory behind economics was and is BUHSHT.
  Here's how the system really works. We as consumers trust these economists because they have a very important piece of paper. We call it a degree. This paper is the tangible evidence that we as a society recognize their achievements and do hereby certify them to be an expert in such a field of study. Now because they are certified we trust them and will adhere to the advise they give.
  What most people fail to realize is that economists are not non-profit agents, they are hired hands. And who do you think has hired them? Corporations Der!!!! The same people who are spending thousands, millions and billions of dollars advertising and trying to get into your wallet are the ones who cut these economists paychecks. Now if i was cutting someone a paycheck (which by the way as a business owner i do.) I definitely would want to make sure that person was doing there part to bring in revenues.
  How does this all fit you might ask? Well ill tell you. As i studied economics i realized that economics was and is not the ability to mathematically predict trends in a market economics is the ability to CREATE trends in a market! How so? Well because Professor Pompou Sass is "certified" so we trust him. Here is supply and demand laid bare. when the demand increases or decreases the price increases or decreases with it and for supply when supply increases price decreases when supply decreases price increases because it is such a scarce resource.
  So lets look at this. As it is when you hear gas prices are about to go up what do you do? You go fill up before they do right. what do you do when you hear prices will go down, you hold out as long as possible. Economists know this too. So when Mr. certified says, "hey i crunched the numbers and gas prices are about to sky rocket." what happens? We all go spend a fortune on gas and the oil companies get their pay-day. Think about those implications. What do they mean.
  I'm going to wrap this up but I want to see some discussion on this. Are we only puppets in a game or does our opinion matter.

The Voice

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