You mean to tell me that US and Western countries cannot get by where the entire populace majors in philosophy and theater? That inevitably we need to produce something of economic value in order for our stocks to go up? Are you saying that we CAN'T just run trillion dollar deficits year after year duping the Chinese into buying our debt?
I mean, I thought we could all major in "communications," land cushy government jobs, listen to NPR, bitch about how evil corporations are, promise ourselves free food, shelter and health care and somehow stocks would just magically increase by 12.8% a year in perpetuity so we'd all have big fat 401k values to retire on.
Honest to god. I had somebody in my class ask me, "So economics, that sounds really tough."
I said, "No, it's actually quite easy. It's dealing with the politics that is difficult. The economics profession has made it "seem" difficult by requiring you have all this calculus and advanced statistics before you can even apply for grad school. Math you'll never use, and if you did, you'll use it in a finite model that will fail to predict black swan events like housing bubbles, or, ooohhhhh, I don't know, collapsing western economies."
With a blank stare he said, "So...I um should continue in computer networking?"
"Yes, you should continue in computer networking."
Enjoy the decline people.
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