I doubt that regular reading of a popular news paper will make ones opinion more relevant than a good understanding of supply and demand, judging by the average comments section.
I think you’re taking a narrow reading about what sort of information you can glean from a given story.
Reading the average comments threads on a news item is very very terrifyingly informative, just not about the subject at hand. (Or course, you hit the point of diminishing returns quickly)
I think sixes_and_seven’s point (though I may have misunderstood) is that your understanding of supply & demand (and everything else in the econ textbook) still has to be applied to concrete cases to prove useful, and following the news furnishes you with concrete cases, and allows you to practice recognizing where the models in the textbook are most applicable.
I doubt that regular reading of a popular news paper will make ones opinion more relevant than a good understanding of supply and demand, judging by the average comments section.
I think you’re taking a narrow reading about what sort of information you can glean from a given story.
Reading the average comments threads on a news item is very very terrifyingly informative, just not about the subject at hand. (Or course, you hit the point of diminishing returns quickly)
I think sixes_and_seven’s point (though I may have misunderstood) is that your understanding of supply & demand (and everything else in the econ textbook) still has to be applied to concrete cases to prove useful, and following the news furnishes you with concrete cases, and allows you to practice recognizing where the models in the textbook are most applicable.