In college I took a couple classes beyond the required Econ 101/102 because I found the subject interesting, not even enough for a minor, but even I am astounded by the level of ignorance that gets upvoted to the top of econ threads on this site.

This is an article about Japan raising its interest rate, and people are using it to discuss the abolishment of central banks, or of state-backed currency itself in favor of cryptocurrency.

For those that don't see this: it'd be like if you wandered into a forum where an article was posted about some new product Google released, and the discussion is dominated by a bunch of people talking about how all C++ code should be abolished in favor of Python.

Very bizarre, disorienting experience.

HN's a tech forum. It is what it is.

As an econ major, it was always terrifying working with the non-econ students required to take some of the courses. Some people just didn't grasp the underlying concepts, or understand why understanding was important.

I think the code monkeys have a decent grasp on microecon. However, their (and my) understanding of monetary policy is poor.