Economist warns of Gen Z affordability socialism
The article discusses concerns about the rise of "Gen Z affordability socialism," where young people favor government intervention and price controls despite supporting market economies. Diogo Costa, president of the Foundation for Economic Education, warns that economic illiteracy and populist ideas threaten long-term prosperity, especially amidst technological advances. He emphasizes the importance of economic education and draws on his experience growing up during hyperinflation and protectionism in Brazil to illustrate the dangers of anti-economics ideas.
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