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Whenever I see “high-school level Econ” being cited, I wonder if Econ is even taught in most American high schools, it certainly wasn’t in mine.
by bitxbitxbitcoin 2y ago
Whenever I see “high-school level Econ” being cited, I wonder if Econ is even taught in most American high schools, it certainly wasn’t in mine.
- not2b 2y agoThe phrase should be read as "oversimplified Econ". If it were just about the money supply, increasing interest rates, which reduces money supply by suppressing loans, as well as the end to the money handouts during the shutdown, would have been enough to take care of it. But there's also market concentration which has allowed big players to raise prices a lot more than their costs have been raised, increasing their profits.
- riffic 2y agofrom the following link (Council for Economic Education), there are 28 states requiring students to take a course in economics to graduate. https://www.councilforeconed.org/policy-advocacy/survey-of-the-states/ https://www.councilforeconed.org/policy-advocacy/survey-of-t... https://www.forbes.com/sites/lizfrazierpeck/2024/04/01/2024-cee-survey-of-the-states-show-progress-for-financial-education/ https://www.forbes.com/sites/lizfrazierpeck/2024/04/01/2024-...