beauanderos wrote:I'm under the impression that you could graduate with a degree in Economics nowadays without really learning how things truly operate. Keynesian vs Von Mises type stuff?
theo wrote:First off, I'm not a professor. I'm an adjunct instructor at one of the area Community Colleges. Along with economics, I teach accounting, bus law, management and marketing. But, recently its been mostly accounting and economics.
The college I teach at (and specifically my dept.) has a "hands off" approach to teaching. I'm required to hand in a copy of of my syllabus and as long as it covers the core topics of my course my boss seems content. Although other depts at my college mandate standardized tests mine does not. As far as I know, the administration has never seen one of my tests.
Basically I have considerable leeway as to how run my class. However, I do not teach "the world according to Theo;" I've had my fill of teachers who use their course as a platform for their agenda. I present the various arguments as I understand them and the facts as I know them. Beyond that I allow the students make up their own minds.
I follow the text pretty closely, but fortunately it gives me enough support to discuss pretty much any point of view (including ours). For example, it spends the better part of two chapters discussing the theory and mechanics of the market system. It ends the second chapter with a strong condemnation of rent controls. This has also lead to some lively discussions on the minimum wage. Any student who takes one my classes gets a heavy dose of free-market capitalism. Sadly this is usually the first real exposure they've had to Adam Smith and the invisible hand. Do I present the Keynesian Model? Of course, but I present it as a theory along with its rationale and criticisms. As I explain in class Keynes himself would disapprove of the debt levels the government has built up. Other things students are treated to in my class:
Austrian Economics: "Trust the free markets for everything, including money."
A discussion of monetary history; including gold and silver.
The chance to handle 90% silver, usually for the first time.
A discussion of the fractional reserve system. The text is surprisingly frank about this.
A government-critical presentation of the 2008 crisis. Including a discussion of moral hazard.
TJMatt wrote:Here's my story:
I was coming back from Iraq for the first time in 2010 and I had a small amount of money I was looking to invest. After being back in States for a week or so I went over to a family friend's house to check out his new shotgun. He proceeded to open his safe and a rather odd looking red box surrounded by various types of ammo caught my eye. My friend stared at me, then back into his safe before asking me …”What is the most money you’ve ever held in one hand???” I don’t remember exactly how I answered, but I soon found myself holding 5 plastic tubes. I rememeber saying something about how heavy they were and I was soon told that I was holding roughly $140,000 dollars worth of gold! After I fought the urge to run (J/K), I began to pick my friends brain on all sorts of precious metal related topics. I may not know much, but I know that my friend is an incredibly blessed individual. It seems everything he touches turns profitable. He is one of those older guys that when he speaks, you listen....I could tell you story after story on this individual, but i'll try to stay on toipic.
Over the next month or so while i was home i continued to talk with my friend about the precious metals market. He soon suggested I get my toes wet in some 90% junk silver. I knew i couldn't really afford any gold at the time so i began buying 90% rosie dimes off of eBay. Looking back at all the small deals i made on eBay, i know realize i was WAY over paying for things. I guess my lessons were actually cheap compared to many other stories i have heard. One particular eBay auction referenced Coinflation for the current melt price on dimes. I soon found myself checking Coinflation on a daily basis to see the updated spot price as well as read the informative articles. After a few months of reading, one Coinflation article reference Realcent and that's how i found this place. Now I realize most all of you here know nothing about me, but i am constantly deployed overseas (roughly 9-10 months a year...I'm in Africa right now as i type this). I owe many of you on this forum a BIG thanks for helping me add to my meager stack. I guess i am just thankful and blessed to have a great job and a family who supports me in everything i do. I know it is off topic, but i want to say a quick thank you to all who post on this Forum. I have learned an immense amount of information from all of you and the daily stories help my deployments go by that much quicker. I am typically the "Old Man" of my group so i get to talk with the youngins about proper investments. I am always pushing the 19 and 20 year olds to stop paying so much attention to the now, but rather invest for the future.
beauanderos wrote:great story, gobirds66! Thanks for sharing. How old are you now? You seem to be on the right track, but I don't know if anyone who is a decade or more away from retirement will ever be able to use that option. I think that "retirement" was a cultural, age-specific phenomena that the Boomers parents got to enjoy. It's been downhill ever since (1971)
Only stupid people are breeding.
Provincial4nstar wrote:My story.
Hello all. My name is Jonathan . . . (snip) I work as a family resource specialist and anger management counselor. i see the "underbelly" of our country each day up close and personal. . . (snip) Our system is beyond broken and the money is disappearing . . . (snip) What I have seen over the past ten years has made me so much more aware of how rapid the craziness is spreading. (snip)
theo wrote:First off, I'm not a professor. (snip) I teach (snip). The college (snip) administration has never seen one of my tests. Basically I have considerable leeway (snip). I present the various arguments (snip). Beyond that I allow the students make up their own minds. Including a discussion of moral hazard.
Thogey wrote:Only stupid people are breeding.
What does this mean?
Rodebaugh wrote:Thogey wrote:Only stupid people are breeding.
What does this mean?
I have noticed that career minded / ambitious people do not procreate until later in life often bearing less children or maybe none at all. Are these folks smarter?....Not necessarily. However, more often than not they are in fact more educated. ie. I know zero female doctors with 3 different baby's daddy's.
Next question.
IdahoCopper wrote:In my example, IQ=130, no kids. 57 this year, but I ain't dead yet. Men can father a child at any age.
Rodebaugh wrote:I have noticed that career minded / ambitious people do not procreate until later in life often bearing less children or maybe none at all. Are these folks smarter?....Not necessarily. However, more often than not they are in fact more educated. ie. I know zero female doctors with 3 different baby's daddy's.
Next question.
johnbrickner wrote:theo wrote:First off, I'm not a professor. (snip) I teach (snip). The college (snip) administration has never seen one of my tests. Basically I have considerable leeway (snip). I present the various arguments (snip). Beyond that I allow the students make up their own minds. Including a discussion of moral hazard.
Me thinks it time to call you theo + Socrates = theocrates
Forgive again for highjacking the thread. I just couldn't help myself.
Engineer wrote:beauanderos wrote:I'm under the impression that you could graduate with a degree in Economics nowadays without really learning how things truly operate. Keynesian vs Von Mises type stuff?
I've been reading up on the Social Credit theory lately. Although the Canadian movement was eventually routed by the central bankers, it seems to have led to a better social condition than we have in the US.
It wouldn't surprise me to see an attempted revival of the US movement as things get progressively worse under the Fed.
Thogey wrote:Rodebaugh wrote:I have noticed that career minded / ambitious people do not procreate until later in life often bearing less children or maybe none at all. Are these folks smarter?....Not necessarily. However, more often than not they are in fact more educated. ie. I know zero female doctors with 3 different baby's daddy's.
Next question.
This is pretty goddam far from "only stupid people are breeding".
But if that is the basis for the comment, that somehow people who choose not to have kids are in someway superior to those that do. I would have to disagree. Of course you don't have doctors with 3 baby daddys.
The sequence is supposed to go like this. You secure a spouse, than you "breed" and raise the children as a joint venture.
So people who do this are stupid? I'll compare my Curriculum Vitae with anyone here!
Sorry to derail the thread. I just thought the comment was a bit thoughtless and felt the need to defend those of us who have taken advantage of the greatest privilege life affords us.
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