Monday, March 14, 2011
To a working person, economics is a means of generating income via a job to pay bills and pay down debts before high interest rates engulf them
To a nonworking person, it is means letting prospective employers know you're willing to work much longer and harder than what you'll receive as salary just to have the means to eat.
To a person retired from working, it means stretching every penny to survive until the next Social Security check arrives
To university academics, economics is theory and conjecture; its endless debates on Adam Smith and Karl Marx over a cup of Darjeeling tea.
To university Presidents, it is the catalyst to brown-nose state senators, local investors and Board of Regents to beg for more money.
To university students, it is like a clock of perpetual debt via student loans that never ceases to end ticking while obtaining degrees in worthlessness.
To a Japanese everyday person, economics means the cost of rebuilding their lives from scratch
To a Japanese banker, it means the cost to rebuild their shaken portfolios.
To a foreign banker, it means endless opportunities to profit off the suffering.
To a lower class person, economics means struggling to save enough to put a down payment on a used car.
To a middle class person, it means struggling to save enough to put a down payment on a new car
To a wealthy person, it means getting new cars in both black and red because its just too darn difficult to choose a color.
To an NFL owner, economics means publicly portraying themselves as losing money even though privately they are not
To an NFL player, it means fighting to collectively giving back a billion dollars to the owners solely based on their word they are losing money
To an NFL fan, it means budgeting how much to hand over to the NFL in season tickets, stadium seat fees, parking, concessions and merchandise once the lockout is over.
To the average person economics is boring
To the financial markets zealot, it is exciting
To the professional investor, it is an emotionless game.
And in the grand scheme of existence and true meaning of life...
Economics is meaningless
Posted by Susquehanna at Monday, March 14, 2011