Fieldtrip Review

Personally, I thought the fieldtrip downtown was really productive.  I learned a lot about the functions of the Federal Reserve Bank and the CME.  The lady at the Board of Trade was very knowledgeable and able to answer all our questions.  The man explaining bitcoin also seemed to know a lot about it, and everything ihe said was new to me, so that was cool. Downtown Chicago is one of my favorite places on earth, and I am looking into majoring in Economics at whatever college I choose to attend, so this fieldtrip was really fun and educating for me.  Also, my grilled chicken sandwich was really good.

Blog of the week.

One of the main themes in the book "Freakonomics" is that conventional wisdom is often wrong.  I couldn't agree more with this statement.  There are so many common "facts" out there today that everyone believes to be true.  Most of these facts, however, are probably either partially or completely false.  The example in the book is that if someone drinks on average eight glasses of water a day, they are expected to live significantly longer.  This is something that has been believed to be true by almost everyone who has heard this.  However, while its by no means bad for you, drinking eight glasses of water a day has no significant impact on your health.  Wisdom is always changing.  To me, there really isn't such a thing as "conventional wisdom."  Its almost like an oxy moron.  Wisdom revolves around the unconventional and unorthadox.  If wisdom was conventional, then wouldn't every normal person be wise? And if that were the case, then noone could be considered wise.