Economic Observations: The State of Modern Economics

I am no economist. However, in my undergraduate degree, during an Economics 101 course, I was given the assignment to reflect upon the state of modern economics on multiple fronts. These fronts range from unemployment to simple product creation, like trucks being manufactured. What this amounted to is a series of short essays that observe economic principles that are occurring in our news cycle. These principles are most often implicit and poorly understood. My hope with publishing this series of essays is to demonstrate the state of modern economics, as, this state of affairs is often obscure. Such obscurity, I believe, has moral and political consequences which for the most part takes the form of opportunistic misinformation. To buffer such claptrap, it seems adequate to illustrate an objective economic interpretation of every day news articles, as, without such interpretation, we are all susceptible to falling into the trap of politically-mediated interpretations — which ultimately amount to untruth. Clearly, some (though, surprisingly few) of these articles are outdated — as, they’re all from 2017. However, the sentiment of the compilation of them remains the same: we should be viewing economic situations objectively, not ideologically or politically.