"The young person who absorbs Econ 101 but who takes no further…

"The young person who absorbs Econ 101 but who takes no further courses in economics will nevertheless, and for the rest of his or her life, possess a genuine understanding of reality that is distressingly rare among politicians, pundits, preachers, and the general public. Far from being a danger to society, this person — inoculated against the worst and most virulent strands of economic ignorance — will serve as a beneficial check on the spread of ideas that are dodgy and sometimes perilous.

The true danger is not knowledge of “only” Econ 101. The true danger is ignorance even of Econ 101."

https://www.aier.org/article/actually-econ-101-incredibly-important#.XGLId5q3CD0.facebook