The Educational Gap in Economics
It’s no secret that the American public is wildly ignorant of many issues that are central to the success of our nation. Just a generation ago it would have been unthinkable that less than half of the American population could recognize all three branches of government. America is in most cases far less educated about its government than citizens of even less freedom-oriented nations.
The American Public School System was created to prepare people for democratic citizenship. Now it seems that it has failed to prepare people for even regular citizenship. Even in a country rife with other examples of government inefficiency and inadequacy, the public education system stands out as an emblem of wasteful spending without nearing its intended effect. While public education has led to a crisis of citizenship, it has also failed to give individuals the economic intuition needed to make wise financial decisions. Less than half of U.S. high school students have taken an economics class by graduation, and far less than that have spent time developing practical financial knowledge. The results of this inadequacy are becoming quite clear as Americans, and young people in particular, demonstrate an unprecedented lack of preparation for the financial choices that adulthood brings.
The current lack of economic education can be seen by an examination of the ideas that have become popular in the public sphere. Both liberal and conservative candidates have been able to gain traction by describing trade as a zero-sum game. A significant portion of the general public believes that America is “losing” if it imports more than it exports. They don’t understand that both countries are still better off, regardless of whether their trade is even. This lack of knowledge will rarely be corrected, because citizens only vaguely see the consequences of their votes long after they have voted. Even when their economic misinformation manifests itself in poor candidate selection, it is easy for the media to disguise the full extent of a specific mistake’s damage. Economic policy misinformation does not often self-correct, so the role of public education is exacerbated. If economic common sense is ingrained before they can even vote, the future of America as a country will be much more secure.
While economic ignorance is detrimental in the public sphere, financial folly leads lives to ruin in a much more tangible way. The current state of personal finance knowledge can be seen through a few depressing metrics. 40% of Americans have less than 300$ in savings. Even in a world where the internet has made sound financial information extremely accessible, bankruptcy filings have increased. Even by their own standard, 15% of Americans lost over 10,000$ in 2022 because of a lack of financial literacy. Because this was self-assessed, the reality is probably much more alarming. Financially illiterate consumers do not even possess the knowledge to assess how much their ignorance is harming them. Their ignorance is radical, as they are not even aware of the knowledge they lack. If they were fully aware of the avoidability of their poor decisions and willingly chose to ruin their credit and security, some would still choose to, but many would make better choices.
The problem that has arisen is systemic rather than individual. While parents used to be more involved in their children’s upbringings, they now generally expect the public education system to teach their children many basic life skills. This expectation coupled with the system’s failure leads to an uncomfortable reality for the nation. An entire generation of citizens lacks the skills needed for survival and civic life that the last generation took for granted. The weakness of parental guidance must either be remedied or supplemented if democracy is to survive. The public school system is doing neither, so the American public will soon be unworthy and incapable of self-rule. Even aside from the citizenship question, the direct practical effects of parental and educational neglect should be clear enough to spur institutional change.
The current state of public schooling needs some serious revision if Americans are to be prepared for life and citizenship. The basis of this nation is personal responsibility bolstered with knowledge. Even citizens who want to be responsible are unable to see where they need mental growth. Knowledge of economic issues and personal financial responsibility are two areas that do not easily self-correct, so it is much more effective for them to be taught while citizens are still young. The current situation may be bleak, but some initiatives look to make future Americans more well-informed through increasing access to economic and financial education. As inflation rises and the budgets become ever tighter, the skills needed to survive and be a responsible citizen are more in demand than ever before.
Alex Jones Responds To Revelation That FBI/CIA Attempted To Silence Him And Shut Down Infowars
Woman From Viral Trump Chick-fil-A Encounter Blasts Biden & Dems
A woman who went viral on Wednesday for her interaction with GOP presidential frontrunner Donald Trump at an Atlanta, Georgia, Chick-fil-A restaurant recently joined Fox News to describe the experience.
The Trump supporter, Michaelah Montgomery, told “Fox and Friends” host Lawrence Jones, “Young people feel like [Trump] is honest. They feel like this is somebody, while we may not agree with how he says things, how he goes about things, at least he’s telling us what it is. We don’t feel like this is a snake in the grass waiting for his chance to bite us.”
Asked about what Joe Biden has done for the black community, Montgomery answered, “When it comes to what Joe Biden has done for black America, if we look at his record as a senator, it wasn’t something that benefited us at all, if anything, one could argue he dedicated his senatorial career to disrupting the way of life for black people. He did not want black kids going to the same school as his kid, he did not want black people walking on the sidewalk along with his mother and grandmother.”
She added:
“So the fact that we ignore these things that were said on the Senate floor, like this is somebody who passed legislation with the sole intent of oppressing a certain community and we’re going to act like that didn’t happen or can be overshadowed by somebody’s comments down the line made us feel some type of way. Feeling some type of way is different when you can feel that way at home. There are people who are, you know, as of right now, spending their lives in jail because Joe Biden thought they deserved it. And then you had somebody like Trump come in and give us the First Step Act to try to right the wrongs that were done with the three strikes rule and nobody is talking about that.”
Check out Montgomery’s encounter with Trump below:
? Black women taking selfie with Trump
— Benny Johnson (@bennyjohnson) April 10, 2024
Trump tells them: “I’m going to get RID of Biden”
The *entire* Chick-fil-A ERUPTS
One man yells: ‘Bye-Bye Sleepy Joe!’
Trump then says Biden is “terrible” to blacks & the black voters bring up Biden’s 1990s racism
This is How you WIN pic.twitter.com/gMQC87PBmZ
❗️ JUST IN: President Trump made a surprise stop at a Chick-fil-a receiving TONS of praise from employees and patrons
“I don’t care what the media tells you, Mr. Trump, we support you!”
This man is TRULY the PEOPLE’S PRESIDENT!
These are so inspiring to watch ????
(via… pic.twitter.com/TqQvqgRmsh— Nick Sortor (@nicksortor) April 10, 2024
Shock Video: Armed Jewelry Shop Owner Scares Off Smash-and-Grab Gang in California
Masked thugs wielding guns stormed a California jewelry shop this week and stole nearly the entire inventory before an owner could grab a firearm of his own and scare them off, according to reports.
The shocking incident unfolded just after noon on Wednesday in Oakland.
Eight thieves charged into Phuong Jewelry in the city’s Chinatown neighborhood and began smashing glass cases and grabbing merchandise.
Surveillance footage of the brazen, broad-daylight robbery was published on social media by ABC7 reporter Dion Lim.
8 armed suspects ransacked the legacy Oakland Chinatown business Phuong Jewelry yesterday at around 12:30.
The family tells me, in less than one minute 85-90% of their inventory was taken.
Watch as owner Diane runs to the back & gets her 76-year old husband. He storms out… pic.twitter.com/JSmFDL960j— Dion Lim (@DionLimTV) April 12, 2024
Owner Diane Trinh, 69, can be seen pleading with the gang to stop before running into a back room.
Moments later, Diane’s 76-year-old husband emerges brandishing a long-barreled firearm, forcing the suspects to flee.
“If he hadn’t done that they would have kept going,” the couple’s son, Tony, told ABC7.
The Trinhs say up to 90% of their inventory was cleared out in under a minute.
“The business let their insurance lapse because they kept getting dropped during the pandemic and premiums were so high,” Lim reports.
It is unclear if any suspects have been identified or apprehended at the time of this writing.
Businesses have been plagued by an explosion of crime in the Bay Area, which is driving many to close or move away.
In January, thieves in Oakland were seen dragging a stolen Bank of America ATM behind a van during a heist that unfolded just blocks away from the only In-N-Out eatery in the city – which recently closed due to unbridled lawlessness in the area.
Other restaurant chains, including Taco Bell and Denny’s, have also reduced services in Oakland or closed altogether due to rampant crime and insecurity.
InfoWars has been documenting the surge of crime across the United States, including carjackings, ‘street takeovers,’ smash-and-grab loot mobs, home invasions, and physical attacks on innocent victims.
Penn Station was slammed by hundreds of illegal aliens arriving to New York City this week.
Why BLM Loves OJ Simpson & What It Means for America
Media commentator Mark Dice takes note of the mainstream media and social justice orgs fawning over the death of OJ Simpson, who was a pivotal figure in escalating the black vs. white culture war meant to sow division in America.
Mexican Illegal Wanted for Heinous Child Sex Crimes in Florida Caught Jet Skiing Across Rio Grande
A Mexican man who was wanted in Florida for heinous sex crimes against a victim under 12 years old was arrested after he rode a jet ski across the Rio Grande into Texas, authorities say.
On Wednesday, Fox News reporter Bill Melugin published exclusive footage of an illegal alien and a suspected smuggler being taken into custody by Texas Department of Public Safety (TxDPS) troopers working alongside Border Patrol in the Rio Grande Valley.
NEW: @TxDPS & Border Patrol in the RGV arrested this illegal alien after they saw him cross the river on a jet ski, then get picked up by a human smuggler. Records checks later revealed he is wanted in Okeechobee, FL for sexual assault on child, child molestation, sexual battery… pic.twitter.com/Idn3yi7rqF
— Bill Melugin (@BillMelugin_) April 11, 2024
The Mexican illegal was observed being transported across the Rio Grande on a jet ski to meet a suspected smuggler waiting in a Chevrolet Camaro on the Texas side of the river.
Law enforcement officers can be seen questioning both men separately.
They discovered the illegal alien, identified as Gabriel Gutierrez-Perez, was wanted on a full extradition warrant out of Okeechobee, FL, for sexual battery on a child under 12, molestation of a victim under 12, and sexual battery against a child victim by family or custodial authority.
The other suspect, identified as Roberto Flores of Mission, TX, was charged with human smuggling and possession of a controlled substance.
“Great work by our TxDPS Troopers & US Border Patrol Agents working collaboratively in locating & arresting this criminal illegal immigrant wanted out of Florida on multiple warrants involving sexual battery of a child, from evading capture,” TxDPS spokesman Lt. Chris Olivarez wrote on social media following the bust.
Authorities continue to catch dangerous foreign criminals illegally present in the U.S.
Penn Station was slammed by hundreds of illegal aliens arriving to New York City this week.
Breaking: FISA Amendment Forcing FBI to Obtain Warrants to Spy on Americans FAILS
A proposed amendment to the Foreign Intelligence Surveillance Act (FISA) bill, requiring the FBI to obtain a warrant before conducting searches of Americans’ communications, failed in the House of Representatives Friday with a tied vote.
?BREAKING: An amendment from Rep. Andy Biggs to require a warrant in order for the FBI to spy on Americans under FISA just failed 212-212.
— Greg Price (@greg_price11) April 12, 2024
The bipartisan bill, presented by Rep. Andy Biggs (R-Ariz.) and Rep. Pramila Jayapal (D-Wash.), came down to a 212-212 vote, with House Speaker Mike Johnson reportedly voting against the provision.
212-212: The House fails to pass an amendment sponsored by former Freedom Caucus Chair Rep. Andy Biggs (R-AZ) & Progressive Caucus Chair Rep. Pramila Jayapal (D-WA).
— The Recount (@therecount) April 12, 2024
GOP leaders and the Biden admin opposed the amendment, which would have imposed restrictions on the FISA program. pic.twitter.com/9KamzReXmE
The bill sought to enshrine a privacy right already afforded to Americans via the US Constitution’s Fourth Amendment, which protects “the right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures,” and requires warrants based on probable cause.
“This is how the Constitution dies,” lamented Rep. Thomas Massie (R-Ky.). “By a tie vote, the amendment to require a warrant to spy on Americans goes down in flames.”
“This is a sad day for America,” Massie stated, adding, “The Speaker doesn’t always vote in the House, but he was the tie breaker today. He voted against warrants.”
This is how the Constitution dies.
By a tie vote, the amendment to require a warrant to spy on Americans goes down in flames.
This is a sad day for America.
The Speaker doesn’t always vote in the House, but he was the tie breaker today. He voted against warrants. pic.twitter.com/i49GnCzyPm— Thomas Massie (@RepThomasMassie) April 12, 2024
Evidently, the White House and Deep State apparatchiks were hard at work this morning sowing fear and doubt over the amendment and calling on legislators to vote it down.
This is unreal: Biden is twisting arms in Congress RIGHT NOW to try and bully them into legalizing the UNCONSTITUTIONAL search of Americans’ internet activity (#FISA 702) without a warrant! Call your rep and tell them to GET A WARRANT! https://t.co/l2axEqfF4Z
— Edward Snowden (@Snowden) April 12, 2024
In a RARE public statement, CIA Director Bill Burns says we need FISA warrantless surveillance to stop fentanyl:
— Charlie Kirk (@charliekirk11) April 12, 2024
“Section 702 is an essential tool in CIA’s mission to protect the American people from a range of threats, including illicit fentanyl trafficking.”
This is absurd!…
Dan Crenshaw is literally begging his colleagues to support the deep state spying mechanism known as FISA ?
— johnny maga (@_johnnymaga) April 12, 2024
“The FBI HATES these reforms!”
“Please support this bill” pic.twitter.com/IT0nUVJ8Ww