One could also argue the government is taking the necessary steps to get the economy back on track, according to numerous theories of macro economics. However, the blinders were on for many of the nation's most respected economists and it's going to take some progressive solutions to bring redemption to this tarnished profession.
Financial economics focus on the fair values of assets, how much risk is in the asset, which discount rates should be applied, what transactional cash flow and which events cash flow or assets are dependent upon. As such, it has a combative role with behavioral economic theory. Stocks, bonds, commodities, money market, financial institutions, derivatives, regulations; these are all the language of bank and finance economics.
Behavioral economists, on the other hand, take a more psychological approach to finance. They examine how economic decisions by borrowers, consumers and financial institutions affect return on equity, market prices, values and allocation of resources. Market trends, bubbles, crashes, socioeconomic and market trends, prospect theory; this is some of the terminology used in that discipline, which tends to consider more microeconomics theories. Howsoever, on the personal economic front, lowering high prices is attention getting. Buying cheap checks online are a practical way to benefit from online sources that have found a more efficient way to market their product. Saving 50% off what banks would charge, cheap personal checks online is a direct add on to anyone's bottom line.
Even though financial economic experts propose solutions to problems, politics can devastate the implementation of any meaningful solution. Now that they've acknowledged the potential devastation that "bubbles" can cause in the market, they must work out how to manage those contingencies and limit the scope of the damage. They must study how liquid markets can suddenly cease to exist and determine which political actions could keep cash flowing freely and purchasing power strong.
A purer form of capitalism would solve most problems, but the socialist agendas prevent such implementation. They must look at how wrong-headed government regulation (or lack thereof) played a part in the current crisis and make wise recommendations for the future. They need to find new models for calculating systemic risk and help bank institutions look at the bigger picture in management economics to make more informed decisions. With these cheap checks, you are really assured.
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