NathanAnkomahMensah

May12th
HarrisonDelfin
Economics

AfterstudyingeconomicsallyeartheresalotIwoulddowith$10million.UnlikebeforeI
wouldsaveatleast5millionofitinthebankinsteadofallmymoney.ThiswayIwouldhave
enoughmoneyforfutureplansuchcollegeandchildren.Iwoulduse$3millionofthatmoneyto
putintostockslikeLockheedtomakememoremoney.FinallyIwouldusetheother$2million
forKivatogiveneedypeopletheyloansneed.

ThethreemostimportantthingIlearnfromEconomicsclasswasthebasiceconomic
theories,theracetothebottom,andthestockmarket.Thebasiceconomictheoriesare
KeynesianandTrickleDownsolution.ThesetheorycanbedividedintoSocialismand
CapitalismwhereKeynesianissocialismandTrickledowniscapitalism.Thiswasimportant
becauseithelpmeunderstandhowdemocratsandrepublicansarealwaysfighting.Theraceto
thebottomhelpmerealizedwhybusinessuseoutsideresourcestomakeproductsratherthan
makingitinAmerica.Finallythestockmarkethelpmeunderstandhowthestocksworkandhow
tomakemoneyoffofthem.

EconomicsinfluencedthatIwayIthinkabouttheworldgreatly.BeforetakingEconomics
IthoughtoftaxesofawaythegovernmentstealmoneyfromthepeoplebutIdidntknowthat
theyusedthemoneyforthegreatergoodlikefixingroadsandmakingschools.Ihaveabetter
appreciationforthegovernmentnow.AlsoInowunderstandhowloansworkandwhyitsa
terribleideatogetastudentloanfromabankbecauseofthehighinterestrate.Economicshas
mademeasmarterpersonandithaschangetheoutcomeoflife.