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Your dad sounds like a smart, sensible guy.

Ol' "curiosity kid" is no economist in my book -- he or she is a Daddy Stater, benevolent overseer, convinced that he is the best qualified to decide what's in the best interest of everybody else.

I wish all economists were like two of my biggest heroes, Thomas Sowell and Walter Williams.

Now those are two economists whose inisight has real value. I have a hunch they'd be about as impressed with the kid's economic "insight" as we are.

He very well maybe an economist and I am sure he is. But that was my dad's point, you see a lot of economic experts running around, but not a lot of them living really well in the neighborhoods of the successful who do more than think about money.

If they were such experts they would be filthy rich.

Now there are exceptions like Sowell and Williams, but they are both intellectually smart as well as reality smart.

Remember Karl Marx was considered an economist too, and we know how well that has worked out. The term is a title only.

I do like his referring to the fee as "peanuts" it shows a certain level of ignorance of economic reality and business acumen. In the many years I owned my own company I was peanutted to death, and it wasn't any more pleasant or appreciated when we were making good money than the first couple of years when I struggled to break even.