Alvin Peterson, a freshman who is enrolled in Econ 1A, has recently announced that he has discovered the solution to all of the country’s economic problems.
Having covered the first three chapters of the introductory textbook, which Alvin apparently obtained through a “sweet deal on Amazon,” the FroSoCo resident has gained a sufficient understanding of the subtleties of the nation’s political economy to instruct the Federal Reserve Board, the President’s advisors, and the executive cabinet on fiscal and monetary policy.
“We should cut the interest rates because then people spend more and that’s good”, said Alvin, while drawing a shaky supply and demand graph with a ballpoint pen in his wide-ruled notebook, “I mean, I did get a 9/10 on my first problem set. I think I know what I’m talking about here.”
