
Originally Posted by
LAM
Econ is a hard science yet not "as" hard as physics or chemistry it also contains aspects of some social sciences and history. it has become less hard once variables like liberalized trade and monetary systems were injected into it.
and my problem isn't that a got a little bit of education, it's that I have a lot far more than most in the US. I have 4 degrees, got a full scholarship to every single ivy league school in the US and could have graduated HS when I was 13, got a 1520 on the SAT's and I was high when I took it. my parents did not talk about race, religion or politics in front of my sister and I, nor did we spend our youth being brainwashed by american tv, I didn't start watching that crap until I was in my mid to late 20's after I got out of the navy. so in no way shape or form did I grow up like most, I highly doubt your parents made you read books during summer breaks in grade school and write reports on them. my head is not filled with various belief systems from my parents or a rigid political or religious ideology, pretty much the exact opposite. I live in a world based on the way things are, not as the were in decades past, should be or could have been and base my beliefs on facts based on empirical data that changes as that information does.
people go on and on about american innovation but except for the Internet which was the brain child of the US gov there hasn't been one single innovation in the US in the past century that allowed real income growth across all 5 income quintiles and every single job market. and because of the population growth of the US early in this century the US gov has since become one of the largest employers, like it or not that's they way it is. the US has a population of 300M double that of all the other large country's in the OECD that have not liberalized there trade (labor) to any degree near that of the US and have far greater worker protections and social safety net programs. people think that the US trades heavily, the US doesn't trade for shit. check out what we export to other country's, it's all the same products and not from industry's that employee a lot of people. 90% of personal consumption in the US is from goods made by US company's, less than 3% comes from China, that leaves 7% from various other country's...the US as a heavier trader, all lies and propaganda just like the "free market" delusion that politicians sell on tv, that do not exist in reality.
there was an independent report released years ago with data compiled from the dept of commerce and the census data from SIPP it showed that the net worth (which equals the value of all of a family’s total real and financial assets – including equity in a home, businesses, vehicles, other property, cash, bank accounts, stocks and bonds, and all other assets – less all debts) of 50% of the US was less than $1,000 in 1999 before the great economic expansion of the 2000's. so for those that want to keep dreaming that things are going to get better, they are not unless you are part of the top 20% or greater.
so I beg to argue that i do not think I know too much it's that most of you, know so very little..