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IPFS News Link • Trump Administration

Doug Casey Has "Never Seen Anything Like This"

• https://www.lewrockwell.com, By Nick Giambruno

Nick Giambruno: Doug, what do you think is the root problem of the US economy and financial system?

Doug Casey: There are several, including incompetence, corruption and, of course, just plain stupidity. But there's not much you can do about those things; they're intrinsic to the government. But perhaps something can be done about ignorance, which starts in school: What, for instance, do most people learn about economics and finance? Very little. As Mark Twain said, "It's not what people know that's the problem, it's what they think they know that just ain't so."

All of the economics that's taught in the schools—what little that is taught—is completely backward. Plus, almost everything you hear on television is conventional, unsound, and wrong.


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