Guns & Butter: The Vocabulary of Economic Deception
submitted 5 years ago by Tom_Bombadil from (michael-hudson.com)
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[–]Tom_Bombadil[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - 5 years ago (0 children)
The tragedy is that there classical economic thought isn't even taught in universitys. Modern economics ignores the basic principles that allowed the free market to develop present for every member of the community. Today students no longer lean the basics. Back fees and interest are both considered profit for the economy, rather than a tax.
Edit: Great point, by the way! :-)
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[–]Tom_Bombadil[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 0 fun4 insightful - 1 fun - (0 children)