3 ms·
PG is surprisingly ignorant of economics, finance and how normal businesses operate at scale, and has this weird bigotry against it. The 'best thing' they coul
by bluegatty 2mo ago
PG is surprisingly ignorant of economics, finance and how normal businesses operate at scale, and has this weird bigotry against it.
The 'best thing' they could do is teach literally every students basic commerce, finance and econ.
Literally every student.
If you can understand the bond market - you can understand how the whole world works.
Behind every major conflict is finance.
The Napoleonic wars are about about finance and logistics, particularly issues in the treasury, international lending.
The doldrums of the 1970s were about monetary system.
Great Depression was about markets.
Roosevelts transformation of the US bureaucracy is is an operational and financial socialization of 30% of the US economy.
None of any of that happens until the Fed came into being.
PG reviles in illiteracy of these macro things like an anti-vaxxer.
If people understood these things, we'd have a different kind of democracy entirely.