It was almost exactly a year ago when we wrote the last post. There were many events that have happened in the past 12 months. In this welcome-back post, AAEA would like to check out two important changes that have happened while the Association was taking a break. The first one is on the student loans. During the big dance, the young Americans and those who have suffered from paying students loans are the real winners in that event. Congratulations.

The second point that we would like to address on this occasion is the other kind of pandemics that the country is facing. This disease is much contiguous compared to that of C-19. In facts, it is too dangerous which may cripple the whole system for pharma companies cannot produce the cure this type of disease from their research lab. Talking lies and false claims those are the kind of pandemic that we are referring to. Living in a dream world, and defies reality. Making claims and policies that do not based on facts, is nothing but surely will lead to failures.

Some people are experimenting and try to find an un-existing equilibrium. They think that they are very smart, and combined with the ego which is bigger than the universe itself, that they can flip the world and redirect the equilibrium to a more efficient one. In this case, it is too costly to experiment with a new system which has not been proved to work better than with any other systems. Using the stock market as a sole indicator to measure how the economy works is just absurd. Otherwise, the Founding Father of the country may have written those specific in the Declaration of Independence as the sole objective and the reason why the country is formed. The fact that they are wiser not to use it as a single yardstick to measure the well being of the Americans in totality. The stock market can be manipulated as shown by the army of day traders that recently bring the short seller to find a cover.

In short, this slogan of protectionism is nothing but the weeds that grow in the spring time. When the weather gets warmer, they will die. The history shows that there are many more logical people than those of dreamers. Therefore, the country will survive though have to walk on bumpy roads. Hang in there America!!