We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
I'm sorry Jared, but it's a government failure, and more government will never fix it. Whenever government intrusions cause problems, Lefties love to shout "Market Failure!" They do not like free markets, or freedom for that matter except in abortion and gay marriage.
We do not need to go the dispirited and failing way of Old Europe. All that needs to be done is to push government back and unleash America's red-blooded enterprising spirit. Most Americans dream of being enterprising, but it is getting far too difficult due to government intrusion, regulation, Obamacare, taxation, etc.
Phil, Economics is a religion, There are the 10 Assumptions, Denominations, Cloistered schools teaching the doctrine of the holy prophets -- Marx, von Mise Keynes etc., Temples (banks) and holy places (wall street), Hustlers offering salvation for your funds with promises of easy retirement. Mercy: "forgive us our debts." Life paved with gold, silver and other commodities.
As a religion, economics and economists should not be govt sponsored. Blick
I studied micro and macro up through a MBA program, albeit 35 years ago. I always thought micro made fairly good sense, and sometimes it helped me understand something that happened at work. I always thought macro was a crock.
Micro and macro economics do indeed make sense. The problem is that economics is easily taken over by politics and political correctness. A professor or economist can pretty much advance any theory they wish and if it appeals to a lot of people that theory gains a support group. This describes keynesian economics perfectly. To the people in flyover country who are generally unaware that there are different political camps of economics it is understandable that they think economics is pure BS. When studying economics, just like studying every soft science, you need common sense and unbiased teachers. But wait! It gets worse. Economics is a science that looks backwards to determine where we are going. What it ignores is that humans adjust to the realities of life and don't follow a script. Now sound and reasonable economics recognizes this and allows for the variable of humans acting in their best interest. But Keynesian economists cannot accept or recognize this because in general it contradicts their beliefs. Who knew! Politics being used by politicians to advance theirselves and their cronies.