There has been an increased concern as
to why the public is in the doldrums outside of the course of the stock market.
According to Zerohedge.com, every
time the government is quick to say that, it will do more to improve the
livelihood of the citizens but less is actually done (Durden). According to the
lessons from Hazlitt, there is the need to focus on the future instead of
wasting the whole energy on the issues of today alone (5). The leaders should
focus on policies that are long terms and those that will enhance the
livelihood of the citizens.
While
it is crucial to note that, it is not always true that some policies should
focus on the future as some policies are designed to cater for the immediate
concerns befalling a country owing to an immediate action against the economy.
Policies formulated to cater for a specific concern may not necessary focus on
the future because it is designed to find a sustainable solution to an
immediate concern that if not attended to will create a concern for the
economy.
In as much as Hazlitt
believes that the public hears bad economists, there is the need to note that
they are respected because they try to reason with the public in finding
immediate solutions to the issues befalling the society? Good economists tend
to distance themselves from the public and thus creating a gap that may be
difficult to fill in. It is for this reason that the public officers may lie
about a given policy because these good economists fail in trying to breach the
information gap existing in the public domain. It must be noted that the public
believes in statements that reflect a trace of any truth and for this reason,
such policies will reflect defeat the policies that focuses on the future.
Policies that address current situations seems to reflect the present and thus
enlisting the trust of the public unlike future oriented policies that at times
may lack the rationalization as the future remains to be speculative given the
dynamism of the market.
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