N. Gregory Mankiw, President Bush's chief economist, who stirred controversy by suggesting that shipping service jobs overseas could be good for the economy, said his comments were "far from clear and were misinterpreted." Mr. Mankiw, speaking to the National Economists Club, said nothing he said should have been construed "as praising U.S. job losses." Any lost job "is an awful experience" for workers and their families, he said, adding that he had learned from his misstep that "economists and noneconomists speak very different languages."
…which is why regular people making decisions based on their "understanding" of economics is ungood. It's why I'm making a point of understanding both the text and context of economics.