The global economy is collapsing. The solution is not more media studies graduates

There’s a gripe I hear a lot from kids of student age and it goes like this: “You had a free uni education so why shouldn’t we?”

The short answer to that is “autres temps, autres moeurs”. But they wouldn’t understand, a) because their school French teacher was probably long since sacked in the Blair Years and replaced by a Wind Farm and Environmental Awareness Studies teacher and b) because if there’s one thing today’s kids are even more ignorant of than French (or Latin, or History, or grammar) it’s basic economics.

How incredibly dumb do you have to be, how utterly immune to reality, not to be aware that something very amiss is going on with the Italian bond markets right now, and that this might have a quite important…

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