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They do, so long as you pick the right textbooks. One has to have a theoretical foundation, upon which to base ones 'real world' insight, yes?


This guy for instance, has been educated by reading quality economics from the likes of Hazlitt and von Mises. It allowed him to clearly see the sub-prime crisis approaching:

http://www.youtube.com/watch?v=jj8rMwdQf6k

http://www.youtube.com/watch?v=LfascZSTU4o


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