Apparently most people were asleep during Econ 101 and 102.
Alas, most students come in with the attitude that Econ is a required course to just get past. It really isn’t that at all, perhaps just the way it’s presented.
Think of the problem like this, if we can print enough money to pay for a 2 trillion stimulus bill and soon to be 3 trillion infrastructure bill plus all the other deficits we run every year, why not print enough money to pay everyone $50/hour....
I know it’s insane but given what people are taught these days, i can see liberals advocating something like this..
JJ German taught me well. Best Econ class I ever had.
They weren’t asleep...they weren’t taught it at all.