110 sats \ 7 replies \ @SimpleStacker 12 Aug \ on: Tax the Rich? Not a Good Idea econ
Economics is the study of how individuals act to satisfy virtually limitless wants in an ever-changing world of limited resources. However, when talk of wealth inequality abounds, one can be sure that economics is about to be mischaracterized as a means of weaponizing the state to distribute a given stock of wealth in a zero-sum and static world. This is redistributionism, or antieconomics.
Seriously.... I kinda wish all high schoolers had to take an economics class (and from a real economist, not someone with a sociology degree or whatever), so that they could understand this basic principle that economics isn't (just) about money and that wealth isn't a zero sum game and that it's really about the conditions that engender the healthy production and exchange of value.
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86 sats \ 0 replies \ @Undisciplined OP 12 Aug
It would be pretty easy to put together a curriculum around the most approachable introductory books, like Economics in One Lesson.
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45 sats \ 5 replies \ @Bell_curve 12 Aug
Micro economics not macro should be taught in high school
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31 sats \ 4 replies \ @Undisciplined OP 12 Aug
For the most part, I agree, but it is worth learning what a lot of the macro jargon means: i.e. GDP, trade deficit, etc. People are going to see it in the news and they may as well understand it.
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50 sats \ 3 replies \ @nichro 12 Aug
Learning about the fugazzi of fractional reserve banking, overnight rates etc. could be useful too
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21 sats \ 2 replies \ @Undisciplined OP 12 Aug
I completely agree, but it's hard to avoid being propagandized about that. The basic facts are quite useful, though.
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55 sats \ 1 reply \ @SimpleStacker 12 Aug
You have to know the basics of how it works before you can really wrap your head around its problems
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10 sats \ 0 replies \ @Bell_curve 12 Aug
Micro should be learned before macro especially in high school and college
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