Saturday, October 4, 2008

Crunching Numbers


The U.S. economy has dominated the news outlets for the past few months, with an inevitable crash always right around the corner. We see and hear all about sub-prime mortgage foreclosures, plummetting stock markets, investment bank collapses, and, most recently, a $700-billion bailout of Wall Street. The intricacies of the economy can be complicated at best, and labyrinthine at worst. As citizens of a capitalist democracy, do you feel we receive accurate information about how the economy works? Does the news media treat the complex economy with simplistic headlines? Will we ever understand the economy? Or can we trust it to politicians, economists and professors?