This week's lecture looks at comparative economics. Essentially it's the study of how involved government should be in the economy. According to the Harris poll over 50% of Gen Z and Millennials surveyed favor socialism - a strong role of government in the economy. However, our lectures this week talk about a number of situations where you may have different opinions about government's role and level of involvement, as well as the benefits and costs of government policies. Our government is currently pursuing some of the most progressive policies since the New Deal (President Roosevelt in the 1930s) which expand the role of government in the economy. Data collected by Goldman Sachs suggests campaign financing supports those with the most extreme viewpoints (for both democrats and republicans.) What might the result of these shifts in the economy be? What do you notice? This discussion asks you to formulate an opinion and share what you've noticed (or if you haven't noticed any change) regarding the impact(s) of a government policy in your life. It also asks you to estimate a benefit of the policy and a cost on the economy. Select any point from any policy enacted by either the Federal or State government. If a suggestion would help, here's a link to the Inflation Reduction ActLinks to an external site.(this is the White House summaries of the plan.) Identify a point from the policy and state your opinion on whether the point is a good thing or detrimental to the economy. (This may be hard to determine but make an effort to formulate an opinion with supporting reasons in order to state your overall opinion in terms of which way you lean.) State what you have personally noticed in the world in which you participate that makes you have this opinion. Despite whether you are for or against the policy, state a few benefits of the policy (if you are not for the policy, identify the reasons those who support the policy believe it to be good for the economy) and state a few negative consequences of the policy (if you are not against the policy, identify why some people have concerns about it.) This may take a bit of research on your part - either by talking to friends and family members or Googling it