[sebastianz]

> anyone who's read economics 101 would tell you

Sorry for veering slightly off topic but since you mentioned this, may I ask if you have a recommendation of a few important books that would make a core of a "economics 101"?

[omnibrain]

Samuelson Nordhaus - Economics, though nowadays some prefer Mankiw - Principles of Economics. There is - obviously - a lot of criticism from several sides against both.

In the end there are several schools of economics. So it depends what Economics 101 text someone read. ;)