Steve Forbes, on Forbes.com, April 21, 2010, wrote a marvelous piece of basic economics for the laymen, which ought to be repeated over and over for the public to learn and remember.
The media generally does a poor educational job, but Mr. Forbes sums up a bit of Education 101 for all, including those whose parents. as I say, have bankrupted themselves to send kids to college.
I would suggest you get directly to Steve Forbes’ source article.
To sum up, Mr. Forbes reflects on the erroneous supposition that there are always ”wise” men around who try to manipulate economic problems and fine-tune the necessary financial remedies necessary to mitigate and rectify them.
In actuality, these experts usually fail.
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