I don't disagree with your point, but just wanted to point out that "Anyone who did an economics 101 class" is usually not the best people to get advice from. E

I don't disagree with your point, but just wanted to point out that "Anyone who did an economics 101 class" is usually not the best people to get advice from. Economics is field where the agreed mainstream consists of some simplistic views of how an model economy could work in a sort of "perfect vacuum" where certain unrealistic parameters apply: perfect information and perfect competition, for example. The real value to economics as a discipline does not lie with the introductory concepts, but rather on everything learnt after Economics 101, i.e. the mess that is the real-world economy which features transaction costs, political institutions, and all of the aggregated effects of 7 billion agents with different psychology.