meaning I no longer have to worry about school for quite a while. I am finally done with school. What is school? I have no idea. I must have had my brain wiped of it. It must have been such an annoyance that I never wanted to remember anything to do with it.
Shall I bring forward GDP, Exchange rate, monopolies, oligopolies, free markets, just to bring it all back?
Three years of it and still failed. The exams were useless in properly applying it for me, when you bounce ideas off of each other. Like with the appreciation of the UK sterling to the US dollar, would mean the increase in imports from America to the UK, since the costs of goods and services will be lower which increases the demand of them. However, this can lead to a decrease in demand for domestic UK goods and services, which means local and national business will have a fall in the demand for their goods, which will reduce their income and negatively affect their profits, which can also lead to higher costs for consumers which means the demand for said goods will decrease which can force sellers to further increase their prices, leading to a downward sprial effect. And I only got a D overall. What a bunch of bull, I know my stuff.
Economics is not half as hard as people make it out to be. It is not trigonometry or calculus, you do not need large formulas. It really only gets complex if you assume that state (third party monopoly) intervention is either given or necessary. The more flawed your premise is, the more theories you will have to construct to reach the same result as a simpler and more intuitive premise. One of the attempted explanations behind libertarian ideologies is that the libertarian understands a model of human interaction in the same way that a programmer understands a model of electronic interaction. You can try to teach programming to a person just as well as the reason for a conclusion of libertarianism, but most people are going to work based off of knowledge, while others are going to understand and be able to explain it for themselves with minimal guidance. The average person hears a question, finds out what the answer is, and tries to memorize that. They are neither expected nor nurtured to develop a personal and intimate understanding. They are not asked to develop the theorems on their own, they are asked to remember what they say. This mindset is prevalent in most subjects and it is why school is so boring. It is especially depressing that people are spoon fed information and do not come to understand in economics because money is the driving force behind every society since the invention of fiat currency and central banking.
