All Economics is Personal

Today’s news is filled with news about the economy, but is left unsaid is the reality that all economics is personal. Now, I will admit that I did take an economics course in college, but found it so boring that I immediately changed my major so I would not have to take another economics course. Throughout the fifty-five years following college I have found that the economic theory of “wants” and “needs” were all anyone needed to understand. As much as we hear about job creators and how these job creators will make things better what we are really hoping to hear is that things will be better for us, personally. Jobs gained or lost in someone else’s world do not help or hurt me. My economic world revolves around two things: My wants and my needs. If I am able to pay for my needs, but cannot afford my wants, I am suffering from an economic recession. If I am not able to pay for either my wants or my needs, I have fallen into an economic depression. The real issue is not whether or not I have a job but whether my source of income, whether from a job or otherwise, will be sufficient to avoid either a personal economic recession or a personal economic depression. A personal economic recovery is when I can begin to afford all of my needs and some of my less expensive wants. A personal economic boom is when I no longer have to worry about being able to afford wants and needs and can not only afford both wants and needs, but can also pay down the debt I incurred when going through either a personal economic recession or personal economic depression. So, anyone running for political office and seeking my vote, keep in mind that economics is very personal and if you want my vote you better have solutions to my economic problems. What you might have done for someone else is not relevant nor is what you promise to do for others in the future. You want my vote or my help with your campaign, tell me what you are going to do amd why it will improve my personal economics.