From a set of surveys conducted by the Reserve Bank of Australia, they found that only twenty-five percent of respondents knew that higher interest rates would lower inflation. That means seventy-five percent did not know this. While the researchers found it alarming, I do not - because like it or not, the majority of people are idiots.
And before you protest that statement, remember that Australia (like many other places) has been going through a cost of living crisis on top of extremely appreciating house values where interest rates play a massive part in the repayments. This means that despite these factors, people still haven't done their own research to get even a modicum of understanding of the conditions that are affecting their daily lives.
What else would you call that kind of person?
Stupidity is on the rise, which is even more idiotic considering how easy it is to get information these days. It would make sense for people not to have a good understanding of these things if uneducated, but we don't live in the 1920s where information was hard to come by and generally theory required formal schooling. We live in a world where anyone has access to almost anything.
Perhaps that is the major problem.
Rather than spending our time gathering information and skills that benefit our daily life, we use it to avoid dealing with our daily life. We distract ourselves with information that doesn't help us, while we have just as much opportunity to spend our time on what does.
Idiotic.
The Reserve Bank says their job is made harder by idiotic people who don't understand what they are doing. I get it, idiotic people make my life harder also. However, since we live in a world where information is so easily available and easy to disperse, why do the governments do such a bad job of "educating" the public? If it is in the best interest of any particular country to have educated people who understand at least the basics of economics, why isn't it a compulsory subject at school, and why isn't the age of the internet, isn't education an ongoing process?
While I am not actually condoning that governments do this because governments are manipulative assholes at best, I do think that "learning" should be the one thing that we never stop doing throughout our lives. Well to be fair, we are always learning, but what we are learning now is obviously how to be increasingly idiotic.
Does your own idiocy help you in life?
I think that the lack of ongoing education that is being distributed for free to citizens is part of the proof that wellbeing is not very high on the government's agenda. If it was, we would have a lot of education that would help us improve our daily lives, eating habits, movement habits, money habits, social habits. Instead, we are left to our own devices which means, spending time staring at a screen that doesn't help us. If anything is an indicator that people are spending their time on the wrong things, it must be evidence that says they do not know what is causing what they claim to be one of their biggest concerns.
But seeing this, perhaps it is a good reminder for those who don't consider themselves idiots, to do a stocktake of our various situations, the conditions, and the influencing factors involved to ensure that at least some of us are staying up-to-date with what affects our daily lives. Maybe we could look at how much time we spend on frivolous activity and how much engaged with improvement processes. It doesn't sound like much fun perhaps, but neither does being a complete imbecile who is constantly suffering by choice.
We could all go back to school daily.
Or stay idiots forever.
Taraz
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