scenerio 1:

The macroeconomic debate that resonated the most with me centered around tax reform, particularly "Should tax laws be reformed to encourage saving". This topic was so intriguing because it works anecdotally, as we learned the economic principle that people respond to incentives early on. However, incentives can only do just that-- encourage behavior. This solution does not address other larger issues that feed into reasons some populations of people do not save. Honestly, this has been one of the most interesting parts of the course because we learn important concepts as well as the social reasons that cause them or are born as a result of them. As a part of the American workforce, I understand all too well the potentially harmful effect of our tax laws. The example from the text that explained how taxation can take a $1000 investment over the course of 45 years from $72,000 without taxation to only $13,000 with taxation was astonishing. However, alternatives tend to simply birth new problems. Consumption tax is not a viable option in my opinion as low-income household have less disposable income so they wouldn't see benefits from this type of reform as it would actually be harmful due to majority of their wealth being turned around immediately for necessities. The current status of our tax laws isn't ideal but alternatively, too much reform becomes a breeding ground for misuse of resources. In my opinion, I tend to agree with the idea of the invisible hand as a corrector for economic issues as much as possible before intervention.One of the six debates of macroeconomic policy I chose is, "Should monetary policy be made by rule rather than by discretion?" The way monetary policy is handled matters to me because it can impact my job, income, and financial decisions. \"One way to avoid these two problems with discretionary policy is to commit the central bank to a policy rule"I[Mankiw, 2021}. Understanding how the central bank manages monetary policy helps me anticipate changes in oyerall economic conditions, which guide the decisions I make in the economy. For instance. when the central bank adjusts interest rates, it impacts the mortgage rates I might be considering for a new home