US Politics on Yik Yak | Some of y’all are so economically illiterate that you don’t understand the basic principle of a business passing on the costs of its production to its consumers whenever production costs increase for them.

Yik Yak

Download

Join communities on Yik Yak Download

US Politics 1w

Some of y’all are so economically illiterate that you don’t understand the basic principle of a business passing on the costs of its production to its consumers whenever production costs increase for them.

Anonymous 1w

Perhaps the learning curve is in helping people understanding ‘economies of scale.’ That’s a blind spot I’ve been working on related to economics.

Anonymous 1w

also, the economic cycle is one of the basics of economics

Anonymous

#1 1w

So… two thoughts on this: 1.) I’ve taken microeconomic and macroeconomics classes at a public university and I did one of those classes with a professor who literally wrote the book (along with two of his colleagues) on heterodox economics based on a Keynesian model. I DO think that education is important to help people develop economic and financial literacy skills; 2.) HOWEVER, I also believe that there is a segment of the population that elects to remain willfully ignorant of how things work.

Anonymous

OP 1w

There are some people that it doesn’t actually matter if you teach them differently or how to be better at understanding things. They simply reject it. It’s a sort of anti-intellectualism that I honestly cannot understand but it’s somehow popular and/or cute (especially on the internet). I have no hope for those people and won’t waste my time trying to prove them wrong about their misguided worldview.

Anonymous

OP 1w

This will sound very ‘head in the clouds’ idealist. But reaching the willfully ignorant on economics would probably mean making the lessons personal to them and their own region/town/business. Starting with relatability and working backwards.

Anonymous

#1 1w

It’s idealist only because that would require a massive overhaul of the education system in this country and we both know that’s (unfortunately) not going to happen.