What Do Economics Teachers Do?

Does an economics teacher use what they teach? First this example:

Hi everyone,
I’m just back from Costco where they are selling $100 in Hyatt gift cards
for $79.99. I called the Hyatt — twice, to be sure I got the same info
from 2 different people — and they said the gift cards can be used to pay
hotel charges at the Hyatt Regency in Atlanta for the conference.–Econ Professor Big Name School

Now the puzzler. If you saw an easy means to profit, what would you price these discount cards at? Why didn’t this teacher buy and sell the cards to the list he posted this? Two samples create how much confidence in your decisions?

Now you know why economists can’t get us out of what they taught us into.

What must come before property?

Doctors aren’t smart enough to sell stocks.

1. Money goes to the smart people, ie, capital flows to brains.
2. Competition awards the prize to the best of the market, ie, the market pays those most capable of competing.
3. Wall streeters make more money than doctors.
4. Even after the reset, the game boys win more.

Since Doctors aren’t smarter than Wall Street Corn Bobs

Next time you feel a pain, or blood pours from your ear, ask your broker to fix it — he’s smarter than any doctor — economics proves it.