7 comments on “Timmy elsewhere

  1. I’m reminded of those awful posts that used to circulate around social media, e.g. “On April 15th let’s all boycott Esso petrol stations so that they’re forced to lower their prices and stop ripping us off!”

    The only thing worse than economic illiterates is economic semi-literates.

  2. “So how do we educate the population about economics?”

    It would help if educators and teachers understood basic economics. It would help if parents understood basic economics.

    It’s not going to be easy.

  3. It would help if educators and teachers understood basic economics. It would help if parents understood basic economics.

    How can we expect teachers and parents to gain a semblance of understanding when our politicians, including the ones who are supposed to gave done some Economics as part of PPE, demonstrate such wilful ignorance?

  4. Surely the invisible hand can cope with the fact that most of us don’t know about economics? If it can’t, what’s the point, given that most of us don’t know about economics?

  5. Get people to read BoE Bulletin Mar 2014 “Money creation in the modern economy” for starters.

  6. “. . . when our politicians, including the ones who are supposed to gave done some Economics as part of PPE, demonstrate such wilful ignorance?”

    Just because politicians are ignorant and willful does not doom me to willfulness and ignorance.

    Politicians do not touch our lives, or our childrens’ lives, nearly so closely as teachers and parents.

    So it would also help if people cast off their wretched dependence on what “politicians” think and do.

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