Response to Peer Comment Reasoning with Economics Essay

Response to Peer Comment Reasoning with Economics - Essay Example The U.S unemployment rate rose after the recession of 2008. The U.S. unemployment for February 2012 was 8.3% (Bls, 2012). The stock market is important because a lot of people depend on this investment alternative to build up retirement portfolios. Inflation hurts people because it decreases the purchasing power of money. I agree with you that rationality is a difficult form of information to correct. When an individual makes up his mind about something it is often difficult to reason with such a person. It is imperative for employees to keep the lines of communication open in order to ensure information that is incorrect is properly identified. When people have limited options they should properly assess the implications of each alternative. Problem solving requires not letting obstacles cloud your judgment. I also agree with your viewpoint about the importance of retrospection. People should always analyze the past in order to learn from their mistakes and make better