The US Economy and Rational Ignorance

Join Professor Machado as we learn more about the economy and rational ignorance.  According to economists, rational ignorance is a voter’s decision to remain uninformed because the marginal cost of obtaining information is higher than the marginal benefit of knowing it. This is all too common when it comes to understanding the economy and making voting decisions.  In this presentation we will discuss the impact of current and past presidential policy decisions and the impact these policies have had on the overall economy.  We will look at these policies in terms of the Business Cycle, Gross Domestic Product, Taxes, Budget Deficits, and the National Debt with the hope of improving upon the marginal benefit of knowing!

This presentation is part of the Civic Reflection Series of the Center for Liberal Arts and the Center for Civic Engagement. For additional information contact centerforliberalarts@necc.mass.edu. Join us on Zoom only at 11:30am on Wednesday, April 7. Zoom address: https://zoom.us/j/92110583408