Economics Paper.

Jun 3rd, 2016
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Minnesota State University - Moorhead
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This is a four page paper on the beauty of economics in government borrowing.

Word Count: 1173
Showing Page: 1/5
Students Name:Tutor:Date:Beauty of EconomicsThere are many fallacies in economics that are always contradicting themselves. Eventsare always two ways, those that happen for the advantage and those for the disadvantage.However, a disadvantageous act to a group is considered advantageous to another. To seek shortterm solutions for long-term goals is one of the fallacy and ideology adopted by bad economists.Bad economies are always self-centered in their choices and deeds. They fail to consider the twosides of an expression to see which one weighs more and the one with more benefit to them andothers. Their reasoning seeks to justify that which is in their favor and reject the one that is infavor of another group. Good economists on the other side make the right decisions for thesituations that they face. They look into situations and evaluate the way out that is in the longterm of benefit to every group of individuals. They are prepared to sacrifice their possession andtake self-less stands to fight for the right.In his book Hazlitt (2008), brings to the right the psychology of bad and goodeconomists. He argues that there are blessings in destruction. War and instability of any nationwill eventually bring about more chance of making business. In his arguments, there are manyadvantages in enormous acts of destruction, Blessings of destruction. Everything is at a higherdemand during periods of war. There is also miraculous supply and production during the

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