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24 sats \ 1 reply \ @SimpleStacker 11 Jan \ parent \ on: Any of you heard of Gary's economics and is he a socialist? econ
Yes, I think a good economics education has to start with why markets, entrepreneurship, and capitalism are good. Then we can talk about the issues at the edges, but we can't forget that this economic system has brought about the greatest gains in prosperity in human history.
Thomas Sowell makes the point more often than most economists that poverty is the natural state we should be comparing outcomes to.
Asking what causes poverty is the wrong question. What we need to understand is why there's any prosperity at all.
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