Rantings and tirades of a frustrated economist.
I maintain Keynesianism wouldn't be so bad if the people in charge actually followed its principles.Those principles are:1.) Cut taxes and spend money when the economy is bad.2.) Increase taxes and pay off debts when times are good.Of course, we can't trust Congress to cut spending or taxes when needed, so Keynesian economics can only ever apply to absolute monarchies and dictatorships.
I love fanning you flames of rage: http://www.youtube.com/watch?v=ySBQnZKivk4&feature=related-MDS
Strange, myself, my wife and the vast majority of our circle of friend who fall into the 20-35 age group don't suffer from the same plight.Could it be perhaps we all went to school to get education in fields that pay well and leave us with career choices? Could it be we think studying history, art, music and English are hobbies not jobs? To MDS: people choose where they work, what they work for and why. If someone is foolish enough to work an unpaid internship (or even an internship at minimum wage) then I wouldn't fault the employer.
Literary Journalism? Writing about writing? Why not become a Literary Journalism Journalist? You could write about writing about writing. I am certain that the job offers would come pouring in!
Place your bets that the guy with the degree in International Business who went on and got his MBA, didn't work a day in business between degrees. So not only did he have a worthless degree, but now he has no experience with an expensive worthless degree.Now, I've never been one to take a leak on someone's dreams, but clearly there is something terribly wrong with a system that makes tons of money charging exorbitant tuition teaching students in fields for which there is no demand and no possible way of ever earning enough to pay back their investment. Any financial institution doing this would be in court - criminally for fraud or civilly for misleading.It also says a great deal about our high schools' inability to adequately prepare their students to a) understand the law of supply and demand, b) to do a cost/benefit analysis and c) to figure how long it would take to pay back that debt, based on the projected income that degree would produce.Somehow, I'm thinking if these guys had majored in Chemical Engineering or Electrical Engineering, they'd have jobs.MDS - I'm sorry I couldn't watch the youtube video - I really tried but between the references to MPR, the Minnesota Daily, her whiny monotone and those freaking obnoxious ear rings, I was getting sick. Too bad we weren't allowed to rate the video. And the coup de grace - I wonder if she majored in journalism.And S. Harvey, I agree with you entirely - if someone chooses an unpaid internship, that's their problem.
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