Economic illiteracy.

[matgb]

Economics should be taught at a basic level right from age 11. Understanding the ruules of supply, demand, a free market and a free economy are essentials to get on in the modern world. Otherwise?

You get this sort of thing. Still, it killed time while I was eating lunch.

You either believe in a free society with markets, or you want a command/control economy where everything is fair and there's no dynamism or diversity. This little socialist gets it, why can't the 'normals'? Seriously, there are some obtuse people in there. Apparently, touts are killing live music? WTF?

ETA: Link fixed. OK?

Comments

[dainul.livejournal.com]

your link is oh-so-very-broken, I'm afriad.

[publicansdecoy.livejournal.com]

Dude, what's going on with your link?

I studied economics as part of my degree at uni. I mostly hated it. So much superstition.

-x-

[rhythmaning.livejournal.com]

I can't see the link (f-locked?) but I completely agree with you.

A basic understanding of markets is necessary to understand the way our society works - whether one agrees or disagrees with capitalism.

(Me, I think markets can explain just about everything, but then I am an accountant with an MBA... So I would, wouldn't I?)

[thapunkprincess.livejournal.com]

Okay, read the link. I should get into touting, seems like easy money. Who fucking cares if the fans of some shit band get upset? Not me. Vilifying touts falls right into the hands of the record industry, who obviously want to keep control of ticket supply and reap the profits. That's 'supply and demand' for yer - who demands and who supplies.

[mooism.livejournal.com]

I find it fascinating how the feudal concept of a just price lives on.