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Why don't students at prestigious universities understand economic?

MrWonka said:
But I bet you think Gynecologists like Ron Paul do huh?
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Ron Paul is a ophthalmologist. His opinions are as valid as those of economists. Economics isn't science. It is the study of money and markets and is frought with battling opinions. There is an economic opinion available to support whatever you believe. I happen to like Ron Paul's economic opinions. Whose opinions do you favor?
 
Absentglare said:
Why don't debate politics posters understand how to write coherent headlines ?

And maybe you could take some of those classes. We could do a lot of great things with the money hoarded by the top 1%- i'm not sure what you think Bill Gates buying another private jet would do for our economy, but i can assure you that providing education for the masses is a more constructive use of resources.
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We could do a lot of great things with the money hoarded by the top 1%


so now we arent even talking income...we are talking wealth

wow....

are you having a Robin Hood complex?
 
help3434 said:
https://reason.com/blog/2015/11/13/college-students-protest-economics

There is a movement called million student march with supporters from prestigious universities such as Yale. They want people to have access to a free or cheap college education while at the same time demanding things that would drive up the cost of college such as having more counselors, cultural centers, a $15 dollar minimum wage for students working on campus, Dental and optometry insurance, ect. They seem to think that all this can be paid for by raising taxes on the 1%. How do these students get into prestigious universities without understanding basic economic principles? What can be done about it? Test for an understanding of basic economics as a requirement for admission? Mandatory economics classes for all students?
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It's called greed.

Plus, the world over the last 15 years or so has become a place where people have been led to believe (by governments, central banks and neo-Keynesianism-believing professors) that people can get almost anything they financially want through the government.

The post 2000 world should be known as the 'Mooching Generation'...give us everything for nothing.

It is a dangerous path and it will all end in tears one day, guaranteed.
 
gdgyva said:
We could do a lot of great things with the money hoarded by the top 1%


so now we arent even talking income...we are talking wealth

wow....

are you having a Robin Hood complex?
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It's a hypothetical.

Are you unable to understand the distinction between what we can do and what we should do ?
 
gdgyva said:
and in your hypothetical. you believe it is okay to take wealth?
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I didn't make an evaluative judgement.

The OP seemed to imply that the 1% cannot afford to pay for everyone's college educations. They obviously can.
 
fmw said:
Ron Paul is a ophthalmologist.
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HAHAH!!! An ophthalmologist is an eye doctor.

http://www.biography.com/people/ron-paul-265881#early-life
Ron Paul's Biography said:
Specializing in obstetrics and gynecology, Paul opened his own practice in Texas. During the course of his career, he is said to have delivered more than 4,000 babies.
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fmw said:
His opinions are as valid as those of economists.
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HAHAHAHAHAH!!!!!! I suppose you go to Paul Krugman for your yeast infections too huh?

fmw said:
Economics isn't science.
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HAHAHAHHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!

fmw said:
It is the study...
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HAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHHAHAHA!!!!!!!!!!!

fmw said:
I happen to like Ron Paul's economic opinions. Whose opinions do you favor?
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As a good scientist I don't depend on any one individual economists opinions I prefer to look at the aggregate.

Dilbert Survey of Economists | Scott Adams Blog

48% Democrats
17% Republicans
27% Independents
3% Libertarian
5% Other or not registered

Ouch!!! Only 3% of economists consider themselves Libertarians and only 17% consider themselves Republicans.

Obviously that doesn't matter to you though because when 4 out of 5 gynecologists recommend Vagisil you prefer Valvoline since it's what your auto-Mechanic told you to use.
 
fmw said:
Ron Paul is a ophthalmologist. His opinions are as valid as those of economists. Economics isn't science. It is the study of money and markets and is frought with battling opinions. There is an economic opinion available to support whatever you believe. I happen to like Ron Paul's economic opinions. Whose opinions do you favor?
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Rand Paul is a (self-certified) ophthalmologist. Ron Paul was a OB/GYN, so MrWonka was right.
 
Absentglare said:
Why don't debate politics posters understand how to write coherent headlines ?

And maybe you could take some of those classes. We could do a lot of great things with the money hoarded by the top 1%- i'm not sure what you think Bill Gates buying another private jet would do for our economy, but i can assure you that providing education for the masses is a more constructive use of resources.
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Oh well, it is too late for me now to add an "s" to the end of my headline. As for hoarding wealth, you don't think that the economy is static, do you? It is not like a pie that can only divided into so many pieces. It can grow or shrink. Do really think that "eat the rich" type policies foster growth?
 
help3434 said:
Oh well, it is too late for me now to add an "s" to the end of my headline. As for hoarding wealth, you don't think that the economy is static, do you? It is not like a pie that can only divided into so many pieces. It can grow or shrink. Do really think that "eat the rich" type policies foster growth?
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If you want it to grow, all the more reason to stop giving free handouts to the rich.

The consolidation of wealth slows down economic growth. Now, obviously, you don't want that. Economists have found that when the poor are priced out of the articles of production, they *shock* become less productive. The wealth of society is based off of its total production, not the affluence of its rich population.

https://dash.harvard.edu/bitstream/...he Perspective of the New Growth Theories.pdf
 
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