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Tag Archives: economics

In English yesterday, my teacher asked everyone what we did with the $900 a large fraction of the population received recently, as a gift from the government. Most people answered, “I went shopping,” or, “I bought clothes,” and these responses completely infuriated one of my classmates.

“People, you’ve all wasted your money! You bought stuff?? Did you remember to check that everything you bought was Australian-made, to make sure your money stays in Australia? NO! I bet you bought all Chinese-made products, benefiting CHINA’S economy instead of our own! Do we want to benefit CHINA’S economy, or ours? You should have been spending on services — at least then you know the money stays here!”

He wouldn’t listen to reason, and even an explanation of how economies actually work wouldn’t change his mind. He insisted that we were all acting traitorously, supporting China instead of ourselves. Which is crap. Read More »