Liberty and Economics

So why not teach the accounting? Quit wasting people's time with English literature.

I never heard the term NET WORTH in grammar school or high school.

And the economists don't talk about the depreciation of automobiles. Do a Google search. They talk about the depreciation of currency mostly.

"If you buy a car for a price that doesn't take depreciation into account, then your an idiot. In fact, you probably can't find a dealership that dosen't take depreciation into account."

That might be an interesting idea.. trying to imagine how much such a car might cost.

"When you buy a snickers bar for 1 dollar your not going to feel cheated are you when you find out it doesn't exist after you have eaten it?"

Great example. See, psikey, if there were a few magical snickers bars floating around out there that could be eaten over and over again, and you happened to like snickers a lot, would you be willing to part ways with it for the same price as an regular snickers bar that can only be eaten once like ordinary food?

I doubt you would.

I'd imagine few bother to try and make it mandatory because it's something everybody catches onto quickly. There simply is no need for a 90 hour course to teach something so plainly obvious.

WRT Vietnam, what you are complaining leads to the broken window fallacy which is, ironically, typically best understood by people educated in economics who you claim don't get it right.

WRT home computers, any spreadsheet can be used to help manage such numbers easily.

Double entry accounting is 700 years old. Shouldn't most home computers made in the last 15 years be able to handle a family's accounting easily.

I don't hear capitalists, socialists or communists suggesting mandatory accounting in the schools. I have had Libertarians on the internet object to it on the basis that NOTHING SHOULD BE MANDATORY.

Four years of English literature in high school is so much more important. ROFL

I'm not talking about what they UNDERSTAND. I am talking about what they don't say. If someone understands something but never says anything about it then how do you know what they do or do not understand?

You are free to search on what economists say about DEPRECIATION OF CONSUMER AUTOMOBILES. How much has been lost by American consumers since the Vietnam War?

3,000,000 Vietnamese killed so CAPITALIST economists don't have to get their algebra correct for whatever reason!?!

Yep, you are definitely crazy judging by this quote of yours

"If you trade for things that DEPRECIATE then you will be worse off."

If that's how you gauge how you yourself benefit from a trade you're crazy.

I myself try to trade for things that make me HAPPIER.

You honestly think economists don't understand that sort of depreciation? Are you crazy?

Oh wait, you might be. I notice you made this unfounded complaint at another one site roughly two years ago at least, and still haven't opened your eyes.

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Typical Straw man there...

I did not contradict myself. I said that the consumer takes depreciation into account when he makes a buy. If he doesn't, he's an idiot.

You can skew this all you want, but it's not going to make your argument any better.

{{{ The consumer takes himself depreciation in to account when he pays for the product.

If you buy a car for a price that doesn't take depreciation into account, then your an idiot. }}}

You just contradicted yourself. First you say consumers aren't idiots. Then you say SOME consumers might be idiots.

I have talked to people who don't know the word DEPRECIATION.

All of that is still no excuse for economists to not report DEPRECIATION OF DURABLE CONSUMER GOODS every year.

The consumer takes himself depreciation in to account when he pays for the product.

When you buy a snickers bar for 1 dollar your not going to feel cheated are you when you find out it doesn't exist after you have eaten it?

If you buy a car for a price that doesn't take depreciation into account, then your an idiot. In fact, you probably can't find a dealership that dosen't take depreciation into account.

This is what you need to know about ECONOMICS.

If you trade for things that DEPRECIATE then you will be worse off.

But if people are STUPID they will ignore the depreciation and not figure out that they are slaves to garbage.

This is why economists don't talk about or compute the DEPRECIATION of durable consumer goods. Americans must lose about $300 BILLION PER YEAR by now on depreciation of cars alone. People must be kept stupider than economists.

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