Why Learning About Economics is Important

Economist Thomas Sowell sums it up in an interview about his book, Basic Economics: “The problem is not that the profession [economics] has not reached a level of understanding. I think that if the average citizen understood economics as well as it was understood by economists, 200 years ago most of the nonsense that’s done in Washington would be impossible politically. Economists have very little influence in that sense. Politicians decide what they want to do and they find an economist who will go along with it.”

Do yourself a favor and learn some basic economics because the experts pointed to by politicians cannot be taken at their word.

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