Traffic map
Article posted: 10/21/2013 5:00 AM

The young don't understand economic basics

  • Article
text size: AAA

It seems to me that there are things at work here preventing our young people from grasping the fact that this one issue of economics (tremendous public debt) could make the other issues somewhat meaningless in their lives.

The first reason is that they are not receiving any proper education on finances and money and how economics works. They have very little understanding of how countries or states or cities finance themselves.

Advertisement

Secondly, they are being taught that the system is broken and that if we adopt a different economic system, all these problems will go away. They are being taught that this system was designed by the rich to benefit the rich and that when this system is abandoned, all the problems will go away.

If people and business were just forced to pay their fair share, all these problems will go away.

In reality, no matter what economic system we adopt in the future and no matter what we do, this problem will still be there. Why is gay marriage the most important issue for young people? I think it's because they don't understand even a little of the economic bad news they will be facing in the future.

It's not just outright dumbness, but a learned belief that has been pounded into their heads from first grade to college graduation that the economic system is unjust and stacked against them. The new system will have total justice and the bills will be paid by the well-to-do and big business and everyone will have a fair shake.

The fact is they are not being taught proper economics because everyone is going to have to pay these bills- not only in a lot of cash, but also in a much lower standard of living. There is no way out.

John Behof

Kildeer

Comments ()
We are now using Facebook comments to offer a more inclusive, social and constructive discussion. Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.

This article filed under

Latest Video

MostViewed

Today
Yesterday
Most Commented
Top Jobs

    View all Top Jobs Place a job ad

    MarketsReport

    DHExtras

       
    • Newspaper next section - Newspaper next section Report card checker - report card checker
    • Dh innovation award 2 - Dh innovation award 2 Zillow /real estate page
    • Discuss refer On Guard series
    • Newspaper archives -- Monday or anyday Mike North

    FacebookActivity

    BusinessDirectory

    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.