mscbuck
"You Would Have Been BALEETED..."
Posts: 3,897
Healthy conversation is one thing. Informative discussion is another thing. For instance, I'm never going to listen to anyone regarding trade issues unless they know a little about economics and trade. And it's not so that they could verbally spar with me. It's just that being knowledgeable in the field usually exposes you to the "other". If consume a little X, you must by necessity be consuming a little less of Y. Just knowing simple concepts like opportunity cost, comparative advantage, and risk make the discussion a lot more informative and probably beneficial to both parties.
It's what separates claims like "We should have a minimum wage of $10.00" from claims like "MINIMUM WAGE OF 25.00!!", or "we need slight tarrifs/protectionist policies in industry X because we think we really can gain economies of scale" to "we should put tariffs on all imported goods so we can save american jobs!". You DO need to know a little economics to have a healthy discussion. Just was reading a story today about how many Econ 101 teachers would fail the current candidates based on economic claims they've made.
You really think it's healthy to have a discussion about 2 dollar gas? To balance the budget with lower taxes? The Republican candidates are PERFECT examples right now of what happens when you DONT know about economics. And it extends to Democrats too, it's just this year we have one candidate, and Obama actually knows enough economics to keep quiet about it, or else he might appear to conservative.
"His Will Was Set, And Only Death Would Break It"
"None knows what the new day shall bring him"