02-02-2020, 01:24 PM
(02-02-2020, 12:17 PM)John J. Xenakis Wrote: I keep pointing out that most people today are unable to understand
computations using fourth-grade percentages, and that's why they're
completely baffled by what's happening in Iran. So now it's apparent
that economists don't understand elementary things like the velocity
of money. This is what happens when SAT scores have been falling for
decades, and colleges today teach nothing but women's studies and
sociology.
This ties in with the idiotic Socialist proposals being made today.
The proposals are being made by people too stupid to understand even
second grade math, and the so-called "experts" who describe them
didn't actually learn economics, but are taught from the Marx's
Capitalist Manifesto, which is completely useless except to make
Socialism proposals to idiots.
And now there is pressure for affirmative action at the Fed, to reduce their math knowledge from a 3rd grade level to a 1st grade level.
