It’s Not Complex
Tuesday, May 20th, 2008I came across a series of columns by Thomas Sowell posted last week. He discusses how politicians play to voters emotional responses to things like current gas prices, the U.S. economy or the housing market problems. Giving the appearance that these economic things are too complex to understand when in fact they are not.
Here is the quoted part 1 to the column Too “Complex”?
(click ‘more’ to finish reading the column and links to all 3 parts):
Too “Complex”?
Thomas Sowell
Tuesday, May 13, 2008“Some people think that the reason the public misunderstands so many issues is that these issues are too “complex” for most voters. But is that really so?
With all the commotion in the media and in politics about the high price of gasoline, is there really some terribly complex explanation?
Is there anything complex about the fact that with two countries– India and China– having rapid economic growth, and with combined populations 8 times that of the United States, they are creating an increased demand for the world’s oil supply?
The problem is not that supply and demand is such a complex explanation. The problem is that supply and demand is not an emotionally satisfying explanation. For that, you need (more…)
The latest daily talking points the media seems to be harping on is the so-called impending doom of a recession. While I try to stay away from politics and the economy in this blog (for my own sanity), I just had to broach this topic.
