Yea dude! that keynsian economics degree doesn't go far does it!
"A degree in economics," he said, "doesn't really prepare you to understand the economy very well."
no chit sherlock.... must of went to jzneffs college...
AP IMPACT: Poll shows sink or swim for grads
AP IMPACT: Poll shows sink or swim for gradsAP foreign, Tuesday May 19 2009
CALVIN WOODWARD
Associated Press Writers= WASHINGTON (AP) â School's out, surf's up, summer beckons. Time for college students to see if they can stay afloat in the worst economy their generation has known.
Young people are carrying a load heavier than they normally bear as they scatter from campuses, judging from an AP-mtvU poll that finds students anxious about their finances, job prospects after graduation and the pressures facing their folks back home.
Josh Donahue, 23, an Oregon State University economics graduate, is living on food stamps. First in his family with a university degree, he stays with relatives and scrapes even for a menial job instead of the bank gig he'd dreamed about.
"A degree in economics," he said, "doesn't really prepare you to understand the economy very well."
To be sure, tight budgets are a rite of passage at college. Ramen noodles build character.
But in a nation that has lost more than 5.7 million jobs since the recession began in December 2007, parent and student alike are swept up in the tempest. In the poll of students, nearly one in five reported that at least one parent lost a job in the last year.
Parents usually worry about their kids' finances. Now the kids are worrying about their parents'.
At George Mason University in Fairfax, Va., systems engineering junior Adrian Solomon, 21, of Virginia Beach, Va., said his mother, who is single and raising his 16-year-old sister as well as a foster child, is "trying to support me sometimes, when I need it." At other times she's asked him for money. "I would do what I can to help her out."
Jake Lear, 21, of Warrenton, Va., a digital arts major at George Mason, worked three jobs at a time through the semester and is doing one of them full-time this summer â a resident adviser helping to look after freshmen in dorms â because he gets free housing. His parents work for a federal contractor that shrank its work force and eliminated 401(k) matching contributions. The school is in suburban northern Virginia outside Washington.
The road does not look so tough if you go into public works...
Check out Income Based Repayment...
IBR
my advice:
Anyone graduating with an econ degree needs to look at what they used to get by i.e. ramen noodles.
By their stock and you will be able to pay off your student loan in five years : )
For those interested in
For those interested in economics, and with at least some knack for maths and logic, it is still a good degree. Just focus on the Micro courses, and read Rothbard and Mises as a complement to whatever is being taught in macro courses these days. Then you can sit in class and roll your eyes at the naiveté of the graph doodlers and fairy tale reciters.
Also, despite Keynes and the monetarists not being exactly enlightening in many areas, they are still important to understand; as theirs is the language spoken by the men with the guns. Or, at least, by the men behind the men with the guns.
yep and those men behind the
yep and those men behind the men with the guns will not admit that keynsianism is right now in its death throws....
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Wow, I really feel bad
for the young people graduating with a lot of debt. It will be a very hard road ahead.
Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.
Strange how things work out..
I started out as an economics/accounting major with the goal of making it big in corporate accounting...then after three accounting classes I just couldn't take it any more..so I went with my first love..History and Religion.
It isn't to hard to see which one turned out the best for me in these times, and in my life in general.
Economics 101
what a shell game;)