A JOURNEY TO EUROPE

Today I took an interim test of Economics.

One of the questions was, "Explain the feature of Washington Consensus."

To tell the truth, I don't like such a test, because my memory is poor.

These days while preparing the test, I thought that this time I'm not satisfied with the result, but next time I will do my best.

I need the notion of public choice to write thesis. That's the reason why I study Economics.

I can apply the idea to my thesis as follows:

We should notice that "we have paid a heavy price for government that is patently obese. It's by no means utopian to pursue policies and strategies designed to restore government to its optimal size. Larger government means slower economics growth."

Of course, the theory of Economics is only one of the hypotheses. But for me, it sounds correct, that "governments serve their citizens well. However, as they move beyond these core functions, policies of government soon become counterproductive."

I have to prepare for the tomorrow's German lecture.