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Econ 101 – He Never Saw it Coming

Sometimes people just don’t look both ways. That’s how wrecks happen. In this country, the level of economic expertise is pathetically low. We don’t mandate even basic economics classes in most high schools. The average American doesn’t have a clue how the economy works or what the Federal Reserve does. If the paycheck clears the bank, the economy must be good. If our collective ignorance didn’t have such a monumental influence on our future, it would be funny. But when some people listen to the likes of Glenn Beck for their economic knowledge, our future is bleak indeed. Tea baggers sit in judgment of President Obama, Ben Bernanke, Tim Geithner, Barney Frank and myriad others who provide direction to our economic policies, yet few could tell the difference between their economic philosophies and Shinola. It truly portends of a dismal future.

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