Micro and Macro economics are no longer taught in school, far as i can tell. Most dont realize going in college debt of 50 to 100k or more for a humanities degree that doesnt mean jack shit is a problem. So no, they havent a clue.
Micro and Macro economics are no longer taught in school
Honestly, I have come to the conclusion that economics can be summed in a simple paragraph. All the markets are derivatives of the debt market. The actual market forces have very little impact when you have Fed with, say 8 trillion balance sheet messing with the market. The reality is, central banks print the money, the legislators create an excuse and write bills to channel this money, the wall street launders this money and the military helps out by attacking any country that threaten to expose this scam. The markets are centrally managed, and the job of economists is to provide a plausible explanation using complex sounding words. The biggest job of the financial system is to hide the inflation that is the result of this indiscriminate printing of money.
Thats it. Everything else they teach in school of economics is baloney.
I had to take both micro and macro economics classes as part of my college degree. It's certainly still taught, and a requirement for a lot of things. Mine was even a BS and was still required coursework.
No no, "school"...as in public school. You're speaking of College, which everyone does not get a chance to attend...or even for the right reasons and wont take anything to do with economics unless they have to for degree.
Things like how to manage a bank account, fill out a checkbook ledger, managing a paycheck for bills vs fun, good/bad of credit cards (or credit in general), how your spending affects local economies which in turn affect National economies, which in turn can afffect Global economies. Micro to Macro....this isn't taught in schools that I know of anymore. It was when when I went thru highschool.
Micro and Macro economics are no longer taught in school, far as i can tell. Most dont realize going in college debt of 50 to 100k or more for a humanities degree that doesnt mean jack shit is a problem. So no, they havent a clue.
Honestly, I have come to the conclusion that economics can be summed in a simple paragraph. All the markets are derivatives of the debt market. The actual market forces have very little impact when you have Fed with, say 8 trillion balance sheet messing with the market. The reality is, central banks print the money, the legislators create an excuse and write bills to channel this money, the wall street launders this money and the military helps out by attacking any country that threaten to expose this scam. The markets are centrally managed, and the job of economists is to provide a plausible explanation using complex sounding words. The biggest job of the financial system is to hide the inflation that is the result of this indiscriminate printing of money.
Thats it. Everything else they teach in school of economics is baloney.
I had to take both micro and macro economics classes as part of my college degree. It's certainly still taught, and a requirement for a lot of things. Mine was even a BS and was still required coursework.
No no, "school"...as in public school. You're speaking of College, which everyone does not get a chance to attend...or even for the right reasons and wont take anything to do with economics unless they have to for degree.
Things like how to manage a bank account, fill out a checkbook ledger, managing a paycheck for bills vs fun, good/bad of credit cards (or credit in general), how your spending affects local economies which in turn affect National economies, which in turn can afffect Global economies. Micro to Macro....this isn't taught in schools that I know of anymore. It was when when I went thru highschool.
its "taught"