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Originally Posted by jimjamuser
Agreed. Our original thread asked the questions - Who really understands inflation? and How do interest rates control labor and material costs? The basic answer to these questions involves how competent is the US education system compared to other countries. All solution roads lead back to the US reading, math, and problem-solving capability. According to the Organization for Economic Cooperation and Development.......
Millennials in the WORKFORCE for All industrial nations were tested for math and problem-solving. The US came in LAST. Based on achievement tests, the US primary and secondary systems began declining in 1980. US colleges and Universities are still usually rated # 1 in the world (if you can afford them). Denmark has a claim to have the best education system as they enjoy a 99% literacy rate and free education from primary through College. In Finland, a school teacher must have a Masters Degree and the competition for a position is so high that only 1 in 10 succeed (they MUST pay pretty well). By another rating organization, the US primary and secondary system ranks 30th in math worldwide.
The point being, to understand the current inflation and the effect of the FED, the US society at large needs to IMPROVE its math and problem-solving skills. Which means more money INVESTED in public education!!!!!!!! Please.
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This is a joke. You could throw billions at any profession out there, surgeons, dentists, carpenters, chefs and you would still have extremely qualified workers and the duds. It’s the same with education. We all remember the gifted teachers in our classrooms who imparted wisdom and those who showed up every day to grind out another uninspired teaching assignment.