Re: What the...? GWC views on basic supply and demand
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Cynical Pen
Aug 10, 2008, 4:35:14 PM8/10/08
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Yeah
Yeah having taken my fair share of Econ classes at BYU and the U (as an Econ major) I'm happy to announce, with absolute confidence, that none of them know what the hell they're talking about--not even to the slightest degree. I've tried entering debate with some of them in the past, but it was entirely fruitless because we couldn't even agree on the same axioms from which to discuss market behaviors, etc. For instance when I was trying to explain the difference between Keynes and Classical models, largely due to the slop of the aggregate supply curve, it soon became clear that I was way beyond their comprehension--so I back-pedaled, and then some more, and then some more, and eventually gave up when I realized they lacked an understanding of concepts so basic as opportunity cost. So, while it used to fill me with rage and frustration when I heard them try to babble about the economy, now it just tickles me with laughter, because to anyone even semi-aware of reality, their bullshit reeks from miles away.
Yeah having taken my fair share of Econ classes at BYU and the U (as an Econ major) I'm happy to announce, with absolute confidence, that none of them know what the hell they're talking about--not even to the slightest degree. I've tried entering debate with some of them in the past, but it was entirely fruitless because we couldn't even agree on the same axioms from which to discuss market behaviors, etc. For instance when I was trying to explain the difference between Keynes and Classical models, largely due to the slop of the aggregate supply curve, it soon became clear that I was way beyond their comprehension--so I back-pedaled, and then some more, and then some more, and eventually gave up when I realized they lacked an understanding of concepts so basic as opportunity cost. So, while it used to fill me with rage and frustration when I heard them try to babble about the economy, now it just tickles me with laughter, because to anyone even semi-aware of reality, their bullshit reeks from miles away.
On Fri, Aug 8, 2008 at 12:25 PM, The Real George Wythe <odem...@gmail.com> wrote:
I took my share of economics classes in college (enough for a minor).
After reading this featured article from <i>The Statesman</i> on the
role of consumer spending in the U.S. economy, I was left shaking my
head and asking myself "What the h*** is he talking about?" Yes, it is
written by a GWC alumni.
http://newsletter.gwc.edu/a/FeaturedArticle/63
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