Linked by Amjith Ramanujam on Wed 27th Aug 2008 17:09 UTC, submitted by stonyandcher
Thread beginning with comment 328375
To view parent comment, click here.
To read all comments associated with this story, please click here.
To view parent comment, click here.
To read all comments associated with this story, please click here.





Member since:
2005-07-06
The problem with economics 101 and the citing there of is that if you read rest of economics you'll realize that everything taught at econ 101 was at best a gross oversimplification and at worst completely wrong. Thus any argument made based solely on anything taught in econ 101 is at best a gross oversimplification and at worst completely wrong.
The economy is incredibly complex and anyone telling you that it can be completely explained using a simply supply/demand curve is probably lying.