There are times, I wonder, just what is real basis of our state of learning outcome from college and other education ?
Global issues, inflation for instance.
Despite the peculiarity of how inflation gives it's redistributive effects, as associated with inflation for giving the increase in the average level of prices, not a change to any specific changes, I asked myself, supposed is that how I see things now ?
Gardner Ackley of University of Michigan once observed, that a significant real cost of inflation is what it does to morale, to social coherence, and to people's attitude towards each other. The society, as what we perceived, is built on implicit and explicit contracts, linked to the very idea that dollar actually means something. And if the value of dollar were to be precluded, the system is undermined.
Albeit living under a parlous economy, the price to pay for the purpose of education sometimes seem to be a little far-fetched. As dollars are being printed out continuously, the assessment on the value of dollars slowly depreciates over time, no doubt. And dwelling into that, every so often the issues of Cyclical Stability of Economy is brought up, sometimes I ponder if it should be put credence into concern for my parents in the future.
I guess time will tell.
- Benjamin
Global issues, inflation for instance.
Despite the peculiarity of how inflation gives it's redistributive effects, as associated with inflation for giving the increase in the average level of prices, not a change to any specific changes, I asked myself, supposed is that how I see things now ?
Gardner Ackley of University of Michigan once observed, that a significant real cost of inflation is what it does to morale, to social coherence, and to people's attitude towards each other. The society, as what we perceived, is built on implicit and explicit contracts, linked to the very idea that dollar actually means something. And if the value of dollar were to be precluded, the system is undermined.
Albeit living under a parlous economy, the price to pay for the purpose of education sometimes seem to be a little far-fetched. As dollars are being printed out continuously, the assessment on the value of dollars slowly depreciates over time, no doubt. And dwelling into that, every so often the issues of Cyclical Stability of Economy is brought up, sometimes I ponder if it should be put credence into concern for my parents in the future.
I guess time will tell.
- Benjamin
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