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Are people financially stupid? Watch

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    (Original post by saraxh)
    Blue_Masons back at it again
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    (Original post by Blue_Mason)
    I would say yes, in terms of economics people are indeed so uneducated.
    Hence the reason i hwy people had the reasons to vote brexit.
    Are you including yourself in this group?
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    (Original post by SuperHuman98)
    Blue_Masons back at it again
    I really hate the name mason...
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    the majority are on either side of the policial spectrum
    foolish with money look at how many say a Michael kors watch cost compared to a used tag Heuer
    or a new corsa compared to say a used Mercedes
    and that wise people invest in bullion not in brands
    a fool and his money are soon parted s a very true saying
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    (Original post by 13 1 20 8 42)
    Perhaps. Governments seem to be, what with all their austerity measures.
    If only they called upon the people of TSR to write their economic policy platforms....
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    (Original post by BobSausage)
    He says with a pic of George Osborne (the worst chancellor of the exchequer we have seen in years)

    That is subjective opinion
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    (Original post by 999tigger)
    Are you including yourself in this group?

    I understand the basics, and I am constantly improving my knowledge of economics.
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    (Original post by jape)
    If only they called upon the people of TSR to write their economic policy platforms....
    Well I suppose the politicians tend to be in the class that austerity benefits, so one could say it is far from stupidity from their point of view.
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    (Original post by 13 1 20 8 42)
    Well I suppose the politicians tend to be in the class that austerity benefits, so one could say it is far from stupidity from their point of view.
    You know who benefits when the State doesn't overreach into the economy and cause it to implode like in 2008? Everyone.
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    (Original post by jamesthehustler)
    the majority are on either side of the policial spectrum
    foolish with money look at how many say a Michael kors watch cost compared to a used tag Heuer
    or a new corsa compared to say a used Mercedes
    and that wise people invest in bullion not in brands
    a fool and his money are soon parted s a very true saying


    Yes I cannot stand the new money brigade.
    A steering wheel and a rolex does not mean you're wealthy.

    But it takes something else to park a range rover near a council estate
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    (Original post by jape)
    You know who benefits when the State doesn't overreach into the economy and cause it to implode like in 2008? Everyone.
    My knowledge is superficial on the issue of the crisis' origins, mainly because I was too young to care that much when it happened, but wasn't a large part of it the deregulation of banks? Is that not an attempt to lessen state intervention with the economy?
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    (Original post by 13 1 20 8 42)
    My knowledge is superficial on the issue of the crisis' origins, mainly because I was too young to care that much when it happened, but wasn't a large part of it the deregulation of banks? Is that not an attempt to lessen state intervention with the economy?
    Government regulation caused the 2008 crash. Basically, African-American families weren't getting loan applications accepted by banks so they struggled to own homes. This wasn't due to racism, capitalism is colourblind, but the fact that black people were just less likely to be able to afford the repayments. Nonetheless, in the waning years of the Clinton administration it was decided that this problem needed to be fixed. The companies were incentivised to loan to people who couldn't afford it, a policy which was kept up throughout the Bush 43 years.

    Obviously this couldn't go on forever, and when people started to default on loan payments the US housing market died a death, Lehman Brothers (a major investment bank) went under in the chaos and the shockwaves hit the rest of the world in much the same way as Brexit or the chinese stock market instability threatens to do these days.
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    (Original post by Blue_Mason)
    I understand the basics, and I am constantly improving my knowledge of economics.
    Does that mean you are in the financially stupid group or not?
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    (Original post by 999tigger)
    Does that mean you are in the financially stupid group or not?

    Why are you being mean to me?
    And no, I am not
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    (Original post by Blue_Mason)
    Why are you being mean to me?
    And no, I am not
    Why are you being mean to 52% of the electorate?
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    (Original post by Blue_Mason)
    Yes I cannot stand the new money brigade.
    A steering wheel and a rolex does not mean you're wealthy.

    But it takes something else to park a range rover near a council estate
    a Rolex is way better than an omega okay it's not Audemars piguet or Patek philippe but it's okay is got value even if not wealth
    you should try parking a '12 plate merc in a council estate
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    (Original post by Blue_Mason)
    That is subjective opinion

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    (Original post by BobSausage)
    I did enjoy watching that video
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    Are you imply that a decent chunk of people. including myself, didn't know the economic impacts? This assumes everybody values money as the number one thing.
 
 
 
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