CrusaderFrank
Diamond Member
- May 20, 2009
- 147,862
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It's fairly obvious that someone like Paul "Wrong in the trillions column" Krugman never worked a day in the private sector and has only lyrical knowledge of how capital markets and economies function.
When people say things like "profits are stolen wages" it's glaringly obvious they never worked at a real business. Maybe they're in a Union, or maybe they're still in high school, but you can't possibly have worked anywhere in the marketplace where adults put their money into their businesses and come up with anything as removed from reality as that.
Is economic literacy directly correlated to direct experience with the free market?
When people say things like "profits are stolen wages" it's glaringly obvious they never worked at a real business. Maybe they're in a Union, or maybe they're still in high school, but you can't possibly have worked anywhere in the marketplace where adults put their money into their businesses and come up with anything as removed from reality as that.
Is economic literacy directly correlated to direct experience with the free market?