Why even study economics?
1) Sense of wonder
2) Concepts are important
3) Knowing facts is important too
Isn't amazing how one can listen to music at the touch of a button? I mean it,
a) Collapses space & time
b) There are trade offs everywhere; 2nd order, 3rd order
c) Important facts are misunderstood...wish I was able to connect that better but still necessary to remember
Key: Intentions don't equal results (example, woodpecker worse off on endangered list because people don't want there backyards to turn into sanctuaries)
Is there enough $$ spent on education? Maybe. Maybe not. But not knowing the amount should mean something, right? People talk about concepts when they don't know the facts! I mean, economics is not complex. Systems are. Economics isn't emotionally satisfying either, but we need to know the consequences of our decisions.
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