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As a college guy myself I know its weakness, industry abuses and much more. But still, education is great, especially for a better paycheck and professional accomplishment. But it is amazing to see how many of you who have never taken a step inside a college classroom know so much about it...

Like everything in our economic system, college education is not the exception. Our economic system is based on bubbles, over valuations, casino stock markets, bets, excessive speculation and many more. Education being one of the hardest assets ever will be abused in many ways. THIS DOES...

Cubanamerican from Miami here. I have to agree that Miami rarely resembles anything like the US. In some ways it is a shithole. I know cops have become more aggressive virtually all over the US. However, over here we have had incidents were cops have been shot to death at point blank...

Dont be lazy. I wont do your homework for you. If you dont dare to solve those simple elementary economic questions you should not be in college.

I agree with you as much as I disagree with you. I consider myself a commodity. A very odd one. I was bless to live under the tyranny of dictatorship & communism, both at once. We in Cuba think of freedom as the only thing one needs (obviously because we are not free down there)...

As I said .........what matters is the system in place. Cuba & USA share similarities in power & wealth distribution (Oviously both countries are separated by light years). Castro and his friends in the party and military are no different than Obama, Bush, Reagan and their friends in...

Communism Socialism Capitalism. What's the difference among any economic order when the systems in place are always organized to favor a few at the expense of the rest??? In the US the top 1% rules. In Cuba the top 1% rules. Only in Europe & Canada we see little inequality. But of...

They do an amazing job enslaving nations under debt fueled by digital or printed paper money. They then must sell whatever little resources they possess at very cheap prices. Mercantilism never vanished. It was simply transformed into a better system to ensure control and wealth accumulation.

Its called politics dude. Sometimes I think we need a REAL DICTATOR FOR 10 YRS. The romans used to have this measure when facing extreme crisis.

We should cut spending until white house & capitol are both in foreclosure. :D Only then we can think of real solutions. Kill "Corporatism" (corporate socialism), & supress the war machine. Maybe we could have less enemies, a more powerful military, an excellent market & plenty of...

US defaults. Trade war with China Full scale war with China.

We forget sometimes the most essential needs a human being must be provided for. Without food there is not society, no country, NOTHING!!!. Napoleon B. Said an Army marches on its stomach. :D

Two things are happening at the same time. GDP is rising and prices are also rising. In other words, inflation is taking place. According to Keynesian economics this can only happen because AD is rising FASTER than AS. There is no such thing as AD and AS. The economy works just like a...

I think A would give you the correct answer for the test. But in real life it non of those choices are the correct answer.

Excellent. Sometimes I want to believe I live in a better world. Reality sometimes overtakes human psychological abilities to accept it. Most people saw 'Matrix'. Yet most would refuse to see how we live in a similar world.

I disagree. Although my approach was entirely about economics, Political systems are part of economic thought. Economics is not the study of how to organize society to produce the most wealth. Economics is the study of how "a society is organized to produce the most wealth". This brings...

Society answer those 6 questions in the Market place, Politics, Laws, Wars, Peace............you name it. Blame the "truth holders". They claim to be the ones to answer most of them.

The 20th century experienced an explosion in the field of economics. Soon there would be so much variety and contradictions in the field of economics that it is much easier for a Chinese & Russian to understand each other than 2 economists from different schools. Everyone rushed to write what...

Damn right :)

-I don’t think I have exaggerated anything. Although weak, the US remains supreme. -US dollar supremacy started after 1945; a period where the US was the only standing economic power. In the future I do expect this economic influence to diminish as other countries develop their economies...