They differ in the details slightly, accounting for performance differences. But every time the interests of the asset class conflicts with the interests of the consumer class, they both make sure the asset class is happy.
Whenever I see affect I think of people making faces. And any single economic decision effects people, while the economy as a whole affects people. With my phrasing I can see either works.
Is that why one has a good track record with the economy and the other absolutely fucking tanks it every fucking time?
And it’s “affect” not “effect”. Yes, I’m being that asshole.
They differ in the details slightly, accounting for performance differences. But every time the interests of the asset class conflicts with the interests of the consumer class, they both make sure the asset class is happy.
Whenever I see affect I think of people making faces. And any single economic decision effects people, while the economy as a whole affects people. With my phrasing I can see either works.
Affect is a verb: the rising grocery and gas prices are affecting my spending choices.
Effect is a noun: the effect of rising grocery and gas prices are changing my spending choices
In your example: any single economic decision has an effect on people, while the economy as a whole affects people.
Except when affect is a noun (disposition or emotion) and effect is a verb (to bring about or make happen).
Just to make things more difficult. :)