He's got a noble prize in economics, but he still get advice on economics. How different that is from the real life version of "I know more about "X" than anybody".
Because Bartlet has a Nobel (note the spelling) prize, and he was a professor of economics, but he was also the President the with other responsibilities; he's far too busy to keep up with all current developments in that specific field. A moron claiming he knows the most about any subject precisely wouldn't be seeking information from others on it, for that reason. It's very easy to claim knowledge about a subject, but such a claim is hollow in the absence of experience or education in it. This is particularly true for a subject like economics, which is a liberal art and not a science; the principles are timeless but procedures are fluid.
It's the Sveriges Riksbank Prize in Economic Sciences. Alfred Nobel thought natural science and literature, not economics, would contribute to world peace. But of course central bankers care about economics, so they endowed a prize and said it was "in Memory of Alfred Nobel ".
The initial story was that we'd export the manual labor and replace it with skilled labor. But since some of the countries we compete with have stronger education systems, lower costs of living, and less stringent (if any) minimum wage laws, companies started outsourcing some skilled labor positions too, such as programmers. This was covered in a later episode.
@@richarda29 Some of the countries with which the US competes (the European ones, for example) have much stricter employee-protection laws. According to the OECD, the US comes 29th in terms of real minimum wages.
@@blainemonaco2092 , Perot was a billionaire dilettante who was looking to exploit America for financial gain. But he was a piker compared to Trump, whom he inspired.
Thank you for this show.
ThankYou for Your Dandy Work!
"Phone 'em, they're home." - brutal, but funny.
Right.
He's got a noble prize in economics, but he still get advice on economics. How different that is from the real life version of "I know more about "X" than anybody".
Because Bartlet has a Nobel (note the spelling) prize, and he was a professor of economics, but he was also the President the with other responsibilities; he's far too busy to keep up with all current developments in that specific field. A moron claiming he knows the most about any subject precisely wouldn't be seeking information from others on it, for that reason. It's very easy to claim knowledge about a subject, but such a claim is hollow in the absence of experience or education in it. This is particularly true for a subject like economics, which is a liberal art and not a science; the principles are timeless but procedures are fluid.
It's the Sveriges Riksbank Prize in Economic Sciences. Alfred Nobel thought natural science and literature, not economics, would contribute to world peace. But of course central bankers care about economics, so they endowed a prize and said it was "in Memory of Alfred Nobel ".
" Economists just make it as they go, don't they Sir?" Charlie
@@timothyjames6412this. Always this
eeeexccelleeent
favorite line - 'no this meeting is about politics facts wont help; oh toby if you could only see what 2024 has become.
Please stop calling these compilations “super cuts” it sounds like you are trying to sell me a haircut.
😁
Back when Free Trade was thought to increase job creation in the USA. Too bad it didn't turn out to be true.
It was never thought to increase jobs, but it was sure sold that way to make rich people money. Those doing the deals knew better the entire time.
The initial story was that we'd export the manual labor and replace it with skilled labor. But since some of the countries we compete with have stronger education systems, lower costs of living, and less stringent (if any) minimum wage laws, companies started outsourcing some skilled labor positions too, such as programmers. This was covered in a later episode.
Ross Perot was a visionary.....
@@richarda29 Some of the countries with which the US competes (the European ones, for example) have much stricter employee-protection laws. According to the OECD, the US comes 29th in terms of real minimum wages.
@@blainemonaco2092 , Perot was a billionaire dilettante who was looking to exploit America for financial gain. But he was a piker compared to Trump, whom he inspired.