Post
Topic
Board Economics
Re: Read this before having an opinion on economics
by
da2ce7
on 18/04/2011, 10:38:30 UTC
"I'm too busy to read but here's my stupid uneducated opinion."

Now that is plain arrogant!

Economics is rational and common scene. What you are saying is that unless people have worked out the right 'words' they stupid.

I like laissez-faire capitalism, not because I have read up extensively on the subject.  But because it is EASY to understand.  Economics isn't hard, it is just applying rational logic to real life.

It is the people who make economics into a super complex science who have got us into all this mess.

On a rational view, inflation is theft, leading to mal-investment. However once it has been covered up with 100 layers of complexity the logical fallacy (inflation is good) can more easily be hidden.