A basic course on money and credit is a good start. High school econ courses are almost totally useless. I don’t remember a single thing from them. In the short term there isn’t a fix. That’s the whole point. If the people aren’t honest, their politicians won’t be either. I really am disgusted when I hear people blame the gov. There are always corrupt people and institutions. Spotting them and making sure they don’t multiply is the job of an informed populace.
Of course we don’t have that, which is the root of the problem. So for the next decade or so, we are going to suffer first deflation (occurring now) then inflation. Maybe next cycle we’ll get a bit smarter, but I wouldn’t count on it.
