I love it when economists wax philosophical.

I finally finished my online classes this week, and so in honor of my favorite, Macroeconomics, I'd like to present an excerpt from my textbook:

People tend to believe that what they see with their own eyes or experience in their daily lives causes the effects they notice. Witness, in our last example, employers' mistaken belief that the stimulus for the rise in the price level was a rise in wage rates (which they had experienced firsthand) and not an increase in the money supply (which they probably did not know had occurred). But the economist knows that the cause of a phenomenon may be far removed from our personal orbit. This awareness is part of the economic way of thinking.