Education and Economy

The best way to fix our nation's economic woes could be solved by education. I sound like a broken record at this point, but it really is the key to many of lifes problems, finance not least among them. The economy has gone in cycles since the beginning of our country, it's just boom and bust. In the 19th century, land specualtion was the vice, in the twenties it was the consumer credit, yet when the housing market was soaring, the masses rushed to purchase their brand new subarbian shangrai-la. It is a little bit sad that we need to teach people that buying a a house worth five hundred thousand dollars on a annual income of thirty- five isnt the best move. But when all you hear from the media, your peers, your family members is that the economy is just marvelous, the uneducated lose their common sense. People did not need to trade in their car for the new top of the line model, they didnt need to invest so heavily in a company that was riding the high. The common man doesnt need to be Keynesian wizard. But if he understood the basic concept of a bubble then we would all be better off.