Tuesday, December 9, 2014

Nick Terlizzi, Epilogue, question 3

Wheelan closes the book with some questions for our future economy and lifestyle. Wheelan brings up how the U.S. is the worlds largest debtor and how "'over borrowing always ends badly, whether for an individual, a company, or a country'"(324). He mentions how three parties have borrowed heavily: consumers, Finacial firms, and the US government and the first two have paid the price but the US government still is yet to pay the price. What would our future look like if the US had to pay the price for its debt? Overall Wheelan does a remarkable job on expressing his concerns for the US education school systems,  hard working Americans, and the US government. At the end of reading naked economics I have gained the knowledge to the "big ideas" of Econ, Wheelan says now "they begin to show up everywhere"(325).

No comments:

Post a Comment