So when I was a senior in college Justin Skidmore (a friend and former roommate) suggested that I should take a class in economics. His reasoning: We require that people take biology, history, and a host of other classes that most people will never use. We all need economics to make educated decisions every time we step inside to a pool both, and knowing about the krebs cycle won't help with that. Tyler Cowen says that we don't hold our politicians to any of their economic promises, perhaps the problem is that no one knows anything about economics.
As a side note: Obama and Clinton have talked about the difference between between the rich and poor. Michael Cox and Richard Arms show how big that difference really is.
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Oh boy – don’t you think it could be dangerous though, GG, arming a politician with economics? I mean we have to be careful; we don’t want America to run like one of those European smart cars...oh, wait a second...
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