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Economic Recovery Education - by Bill Bonner -DailyReckoning
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    Engineer Luke's Avatar
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    Economic Recovery Education - by Bill Bonner -DailyReckoning

    Economic Recovery Education

    By Bill Bonner

    http://dailyreckoning.com/economic-recovery-education/

    05/04/12 Atlanta, Georgia ? Feelings?
    Whoa whoa whoa?feelings?

    ? Morris Albert

    Our plane got delayed. This left us in a small waiting room for longer than we wanted to be there. The two large TV screens were inescapable.

    Who watches this stuff? Poor schmucks.

    The more they inform themselves by watching TV news, the less they really know. If they watch long enough, their brains must become like a zombie city, populated by zombie characters they?ve seen on TV?animated by the zombies? fictions?and dominated by zombie emotions from their two-dimensional personages on the LCD screen.

    Yesterday morning, the most important event in the Atlanta area was the death ? apparently by suicide ? of a well-known football player. We never met the man; we had no particular reaction one way or another. But the tube requires feelings. One reporter after another?one interview following another?all zap the reader with easy emotions. After a while, if you are still unmoved, you think there must be something wrong with you.

    But it?s probably always been that way. The popular media stirs group feelings and mob emotions. The crowds at the arena?the thousands at the coliseum and those in the stalls at the theatre ? they need heroes and villains, not complex ideas and ambiguity.

    Of course, ideas can be made accessible by the masses. But only by stripping out the complexity and nuance, making them so barren and so remote from the whole story that they are rarely more than collective fantasies, shared as feelings?

    The masses don?t want to think. They just feel. Every flack?and hack politician knows that feelings sell. Not ideas.

    That?s why Ron Paul?an idea guy?is trailing Mitt Romney at such a distance.

    The masses form their opinions?choose their candidates?and spend their money on the basis of feelings. Real thoughts are banished.

    The presidential race is really little more than a contest to which line of guff most voters will take?that is, how they will feel about the candidates and their themes.

    If you watch TV you?re tempted to believe that?

    ?the US was hit by some kind of economic firestorm. Maybe it was caused by Wall Street greed. Maybe the regulators made mistakes. Or maybe it was just a natural thing, the way things work.

    Thanks to the wise decisions of its leaders, the US economy is now recovering. Europe is having a rougher time; its leaders are not fully in charge of the situation.

    But even in America the damage was so severe that recovery will be difficult. More help from the federal government may be needed. Perhaps more legislation ? targeted tax favors, aid to young people, more spending on education?and so forth.

    Of course, it?s not just TV that encourages this kind of non-thinking. In The Wall Street Journal (!) this week, for example, was another editorial explaining why education is necessary to GDP growth.

    ?Education is the key to a healthy economy,? say George Schultz and Eric Hanushek. They show that societies with the highest test scores in math ? notably Taiwan and Singapore ? also have had the highest GDP growth rates. Well, surprise, surprise. Math is the common language of engineering and science. And engineering and science are what it takes to make the stuff of GDP growth. Little wonder, that the people who work the hardest at math are also those who make the most stuff.

    The authors didn?t mention that when people from Taiwan and Singapore come to the US, they continue to work harder at math than native born Americans. Whatever the defects of the school system, it doesn?t keep them from getting advanced degrees in science and engineering and going on to earn a lot of money.

    And they don?t mention that the US already spends much more per student on education than either one of them.

    So, the reasonable question is not what?s wrong with US education?but what?s wrong with Americans.

    Are they lazy? Or just stupid?

    TO THE FULL ARTICLE


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    Prolific Member Senior Nexian Odah's Avatar
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    Re: Economic Recovery Education - by Bill Bonner -DailyReckoning

    if you look at the viewership number .. you realize many people are not buying the biased view of what the news sells ..

    the writer of this article has the same view of the masses as the powers that be ..

    and then it is a similar view to half these self proclaimed awakened and aware smucks.. who think their level of self awarenes make them better than the masses ..

    the masses are stupid.. thus because i feel i am better than most everyone else.. it is my place in life to pass judgement on them and tell them how wrong they live ..

    If one of these more inteligent than average people is citting their drinking a soda ..and you ask them to read off the list of ingredients..and explain what each ingredient does .. and they can't do it .. does it make them part of the stuopid masses of humanity ..


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    Re: Economic Recovery Education - by Bill Bonner -DailyReckoning

    i will also add that i did read Finacial reaconing day ..and some of empire of debt years back ..and they where good books .. at the same time they where both part of the marketing funnel. for agora and bill bonner ..

    preaching just the negative view and buying gold .. are what put the expensive sushi on his plate ..and he gets paid to know things most people don't ..

    but that is the way the world works ..


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