Phil Duffy on the importance of learning macroeconomics

[T]he chickens will come home to roost during [Trump's] second administration if he's elected.  There's no question about that in my mind.  And that's why I think there has to be a fundamental change in thinking amongst the non-progressives, if you will, in the citizenry.  They have to understand macroeconomics and they're going to have to learn macroeconomics in a hurry or we are headed for real disaster.

~ Philip Duffy, The Law Matters interview, 24:20 mark, August 28, 2020

Ludwig von Mises on indoctrination in public schools vs. popular culture

On the high school level and even on the college level the handing down of historical and economic knowledge is virtually indoctrination.  The greater part of the students are certainly not mature enough to form their own opinion on the ground of a critical examination of their teachers' representation of the subject.

If public education were more efficient than it really is, the political parties would urgently aim at the domination of the school system in order to determine the mode in which these subjects are to be taught.  However, general education plays only a minor role in the formation of the political, social, and economic ideas of the rising generation. The impact of the press, the radio, and environmental conditions is much more powerful than that of teachers and textbooks.  The propaganda of the churches, the political parties, and the pressure groups outstrips the influence of the schools, whatever they may teach.  What is learned in school is often very soon forgotten and cannot carry on against the continuous hammering of the social milieu in which a man moves.

~ Ludwig von Mises, Human Action, pp. 877-878

Tim Price: At least Trump is not a socialist

For believers in free markets, small government and the primacy of the entrepreneur over the State, there may yet be much to celebrate about President Trump. But not for millennials, obviously. Their perpetual tin ear turned to reality and what can only be described as hysterical grief, in every sense of the word, is reason enough for the rest of us to be quietly encouraged about the future. Educators – in economics and history in particular – have a lot to answer for, having perverted the mindset of a generation. As the US economist Thomas Sowell once said,

“Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.”

Say what you like about Donald Trump, but he isn’t a socialist.

~ Tim Price, "Generation snowflake, clobbered again," LinkedIn, November 11, 2016