|Questions and Observations|
One big problem is that most people are never educated in basic economics.
They fail to realize the truth of the old axiom that "there is no such thing as a free lunch." They fail to understand concepts such as scarcity of resources, and tradeoffs. They don't understand that everything has a cost.
The liberal media does very little to improve the situation, and liberal educators reinforce the socialist myths.
I have always believed one of the best things we could do to improve our society would be to ensure every student was educated in economics 101.
Posted by: Another Thought at June 29, 2004 09:15 PM