I have a master's degree in applied economics...
That shows you know nothing about economics. I don't mean to insult but ask me to prove it and I will.
I like where this thread is going
I wanted to bang out a long winded explanation but to what end? You watch on TV http://goldsilver.com/video/u-s-could-run-off-with-other-nations-gold-rickards-tells-cnbc/
And you hear someone who knows what he is talking about when it comes to economics gets childish ridicule of questions, statements of opinion. Their tone is effective on the masses who don't understand and don't want to be made fun of.
Thus why subject myself to this here when I got enough of it on my youtube channel.youtube.com/user/davincij15
What current economics education fails to take into account is fraud. It can not because if it did then it would have to question if what they are teaching is fraudulent because as more fraud comes into the system it has to perpetuate it's self and the only way to do that is to educate people into believing the wrong things.
I know, I know that's crazy talk because no rich person has ever donated large portion of their wealth to universities and shaped their curriculum. Yes, Yes, and even if they did, there is no such thing as bad wealthy people only good ones looking out for everyone's interest and not their own.
So I can see how you would think my logic is flawed.
Sure even if I was right that would have to mean their are schools that teach the correct version of economics...
Yes there are, it's called Austrian school of economics.
Lets hope Keynesizm is recognized for the witch craft it is in the future.
Ah well I have gone off in a tangent when I said I would not...
Now lets watch a humorous video about Keynesian VS Austrian economics and just laugh about what we can't change.
"Fear the Boom and Bust" a Hayek vs. Keynes Rap Anthemhttp://www.youtube.com/watch?v=d0nERTFo-Sk
Smile no mater what side your on cuz ain't nothing going to change.
ONE more thing I love Keynes broken window theory, by that logic Japan must be booming! LOL