Economic Jargon

Economic Jargon

Understanding Economic Jargon Inspiration: Let There Be Markets: The evangelical roots of economics, A Person Paper on Purity in LanguageEconomese Standard English
What Americans need most is a good economic education. All too often in politics and on the news you hear people making absurd suggestions, like setting price caps or enforcing a minimum wage. If Americans knew even basic principles of economics, they would quickly reject such absurd notions. What Americans need most is a strong religious upbringing. All too often in politics and on the news you hear people making absurd suggestions, like letting gay people marry or legalizing abortion. If Americans knew even basic teachings of religion, they would quickly reject such absurd notions.

What Americans fail to understand is that the necessities of life — the food they eat, the cars they drive, the clothes they wear — are provided not by government but by the market. The free functioning of the market ensures that everyone receives what they deserve and all the necessities of life are provided for. Markets are maximally efficient, so having government can only hurt us, not help. What Americans fail to understand is that the necessities of life — the food they eat, the cars they drive, the clothes they wear — are provided not by people but by God. Following God’s teachings ensures that everyone receives what they deserve and all the necessities of life are provided for. God is omnipotent and omniscient, so having government disobey His teachings can only hurt us, not help.
Indeed, markets are such wondrous things that we must bring them into all spheres of life. Our great government institutions must be privatized and made subject to market discipline. Market forces shall ensure that the result will be even more efficient. Indeed, God is such a wondrous thing that we must bring Him into all spheres of life. Our great government institutions must be faith-based and made subject to His discipline....

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