Interviews are for students to gain information and ask questions about controversial

issues of people in fields other than economics. The purpose is to understand how

broad is the reach of economics and how other people in fields view economic events

and issues. Groups of two or three students will conduct two interviews throughout the

semester course. Each group will present a summary of the interview, which should

include background information of the topic (inflation) and interviewee as well as some insight into

the interviewee's comments

Questions:

1. What measures do you think governments can put in place to offset inflation?

Do not print more money. Increase production of goods and services and control

flow of money in the market. Rise interest rate, invest in employment generated

activities, increase transportation and create jobs for the middle man.

2. Since the global economy is going through a mass uncertainty which affects

every nation and every states, what are some strategies that you would propose

to initiate stability within your country and or state?

It is a global problem a country, a country can only do so much. The more globalized it

is integrated the more problems it has. State intervention banks and other institutes

cannot do it only. More capitalist and help out those who can not invest.

3. Can the economic hardships currently faced by citizens due to rising inflation be

remedied by increasing salaries or does it require an increase in salaries coupled

with a decrease in cost of living?

I would say the second option, that it would be remedied by an increase in

salaries coupled with a decrease in cost of living.

4. With the current global tensions, sanctions and other forms of economic warfare,

is the capitalist economic system still viable when compared to a more socialist

economic system?

Capitalists economic system, so it may encourage innovation, the early stage will have

a lot of downfall but it will pay off in the end.

5. Is it agreeable that establishing a nationwide wide minimum wage as a tool in

remedying the current levels of inflation since all states are suffering from

increased levels of inflation?

I agree that there should be an establishment of a mandatory minimum wage.

6. How has your economic situation changed over the years and has your

happiness correlated with that ?

It had ebb and flo, it started off difficult but gotten better over time and those who say

money can not buy happiness have not been poor, what I think is that money can not

buy a peace of mind but even with money you must do good things with it.

7. How should happiness be incorporated into modern day laws and policies, is

there a way to measure happiness?

There is the GHI - global happiness index though I am not sure how useful it is and that

is it difficult to measure and incorporate happiness into modern day laws and policies.