Politicians and Macroeconomics

Politicians come from many different backgrounds: educational, social, and financial. This in turn affects just about every decision that is made once these individuals are in office. With so many diverse backgrounds dealing with the same issue that affects millions of people, they are coming with different experiences, yet are expected to make these decisions without necessarily having had dealt with them before. This is the case with macroeconomics. The behavior of macroeconomics is affected by the behavior of the politicians that control and drive it (Mankiw 2009). The ignorance of one politician throws the entire system off.

Politicians today do not necessarily understand macroeconomics. In order for an economy to succeed, and in order for financial gains to be made, stability needs to be a key component of any economy (Mankiw 2009). However, politicians will never truly understand what it means in economical terms to really...
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