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I have to wonder what is going on in Hegseth's head. Imagine going to work in a really Big Building where there are lots of people smarter than You, lots of people more competent than You, and lots of people who attained higher Ranks than You! But they have lots, and Lots....of GUNS! Maybe...

To what? NNP, Net National Product, got half a page in Samuelson's Economics. It was a 400 page book back in the 70s when they used that instead of NDP. The Depreciation of durable consumer goods while the Repo Crisis goes on.

What is NDP, Net Domestic Product? What kind of businessman doesn't know the difference between Gross and Net. When do economists ever talk about Net Domestic Product?

No comment on mandatory accounting in schools. Endless talk about economics on numerous websites. <facepalm>

LOL Vulcans and Ferengi only. Accounting/finance should have been mandatory in high school for girls and boys since Sputnik. Adam Smith's Wealth of Nations has been free on the Internet since 2001. Smith used the word 'education' Eighty Times. There are multiple instances of "read, write and...

ROFL I read this book in 1976: The Screwing of the Average Man (1974) by David Hapgood That book made so much sense I concluded that there was something wrong with what I was taught about economics in college where I was taking Electrical Engineering. I have noticed that the term E-Waste did...

Oh, you need to switch from physics to psychology? Are you saying that physics does not cause consumer technology to wear out? Karl Marx used the word Depreciation 35 times in the first two volumes of Das Kapital. However the first gas powered automobile was not invented until after his death...

Yeah, there is no difference between a banana and an air conditioner. I buy used bananas on Craig's List all of the time. We are supposed to think stupidly about economics because economists say so. They do not put the depreciation of durable consumer goods into the Net Domestic Product...

Durable consumer goods get replaced too. What do you do when your air conditioner wears out?

A business is an economic unit. A household is an economic unit. The economy of a nation will be the sum of all of the economic units within the nation. If you check Adam Smith's Wealth of Nations you can find that he used the word 'education' Eighty Times. He wrote "read, write and account"...

Do the Laws of Physics give a damn about FASB? What causes machines to wear out? Can the Laws of Physics tell a Capital Good from a Consumer Good. The Net Domestic Product equation is in economics books. Some of them anyway. For some reason the economics profession only has Capital Depreciation...

If that answer was not sufficient too bad. I consider economists who ignore the depreciation of durable consumer goods and say nothing about planned obsolescence to be rather brainless.

I do not ASSUME that human output is Intelligent. I evaluate it after I read it.

What is the function of economists? Do they choose sides in the economic power game? If accounting/finance was mandatory in the schools would that significantly affect how the economy works?

Dickens died before Marx, and of course Adam Smith died long before both of them. None of them ever saw a Planned Obsolescence Economy. Now we have a Repo Crisis in the US but no economists have been talking about the planned obsolescence of automobiles and the total annual depreciation. What...

This is really funny. Ask ChatGPT the effects of making accounting mandatory in the schools and see what you get. Our economists are not intelligent enough to think of this. ===== ChatGPT ===== Mandatory accounting education in schools could have several far-reaching effects on the economy...

Just to keep the pot sufficiently stirred: If God created the universe then didn't he have to know Einsteinian physics long before Einstein figured it out? If you search the Bible for 'transla' you will find variations of the word 'translate' and three of them are associated with an Enoch...

I decided that I was an agnostic at 12. Now I occasionally backslide into apatheism, agnosticism with at attitude. Theist believes that there is a God. Atheist believes that there Is NO God. Agnostic does not know. Belief is to accept something as true, or false without sufficient evidence...

The OP is too long a read to qualify as a joke and too ridiculous to be anything else.

You mean it was not off topic so you could dock me some points?