Economics is great, anyone can become one.
Even kids can be good economists.
What do they need to know, nothing much actually.
The amount of data analysed by PhD, Dr, on economics is unbelievable.
Everyone has one theory.
So will be the kid.
Bottomline, economic is up to your own interpretation and perception, depends what angle you are looking from.
MyView
The point here is economics learned in school is theory, not reality, hence, there is no correct answer to economic problem because the elements involves is far from just statistics, figures, or facts, it involves something we seldom learn in school, and hard to predict, it is called human behaviour.
Until we are able to have a feel how human behaviour react to a economic situation, it will be hard to predict what will happen next. Economist may suggest all methods to solve the problems, one thing which they are sure in their mind is that they are not sure the reaction of the solution. It can go both ways.
The SOLUTION is no solution. Just do it for the best interest of the majority, not the wall street, the main street, even at the expense of losing your popularity.
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