The language economists speak is gibberish to regular people. And since most people have neither time nor interest in pursuing an economics doctorate, few truly understand what lenders, official government documents or fast-talking politicians say.
Economists love charts and graphs.
But even graphical representations help little since legends use the same, confounding financialese. Jargon is deleted from speeches Reserve executives make to the public to prevent blank stares and glassy eyes. Terms considered self explanatory by economists sometimes still need explaining to the person off the street. I think it's important for people to understand the function of markets. Because people don't appropriately understand the function of markets, they say we need this regulation and that regulation.