Bhairitu: > The public is so ignorant when it comes > to economics probably because in school > it quickly became a boring subject... > Maybe so, but not very many people take Economics in school until they reach the college level. So, it's not surprising that most people don't understand it - you are a case in point.
Your theory about blaming the 'banksters' is a good example. Almost every economic crises has political roots. In the following report, you will come to understand that the cause of the current economic crises is not quite as simple as you think it is, or maybe you won't. "The credit market—at least as regards housing—was distorted by government policy, not by a sudden and mysterious escalation in 'greed.' The trends that shook the world economy came out of Fannie Mae and Freddie Mac, out of the Federal Housing Administration, and out of their 'regulator,' the U.S. Department of Housing and Urban Development..." Read more: 'Easy Credit, Hard Landing' BY Christopher Caldwell Weekly Standard, July 26, 2010 http://tinyurl.com/33xyatk
