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Spin Zone / Re: a side-effect of COVID-19
« on: April 29, 2020, 06:37:04 AM »I have a bachelors degree in economics. I tell you it means NOTHING. I came away with pathetic little understanding of the real world economy. They teach a lot of “models” and we all know how accurate they are at representing reality.
They also teach about how to control the economy by various means such as injecting stimulus money, which is like trying to make a blanket longer by cutting a foot off the bottom and sewing it on to the top. They teach this stuff with a straight face! It’s amazing.
I didn’t understand how the economy works until after I graduated and started reading on my own.
I agree. But look at those who, when questioned, point at that parchment hanging on the wall, as their affirmation that they indeed know what they are speaking to. And even worse are those who only teach their subject with no actual working knowledge (as in working in the field) on their subject matter.
Real world experience is not something learned in the classroom.