Tags » Basic Economics

Why don't young Americans understand the effects of socialist policies?

Here is an interesting article by Kathryn Blackhurst, writing for LifeZette.com. The article reports on how the mainstream media has covered the situation in Venezuela, which has been under socialist rule for decades. 862 more words


Analysis: how much did each Obamacare mandate drive up health insurance premiums?

Since 2010, we were inundated with reports and studies from various groups that argued that the new mandates in Obamacare would drive up the cost of health insurance. 637 more words


Economic Ignorance Has Caused Our Political Chaos.

What do Jeffery Sachs (economics professor at Columbia), Bill Gates, the Pope, Donald Trump and Republicans in Congress have in common?….. Economic ignorance!

Why areĀ  pronouncements by people with authority rarely challenged?….. 1,428 more words

Government And Politics

New study: in 2017, minimum wage increases will cost 383,000 low income jobs

Is raising the minimum wage a good idea? Where would the money come from for the higher wages? Would job creators be able to afford to pay people more for the same level of productivity? 542 more words


Book suggestion: Basic economics

I’ve finally finished this lengthy book. You may be thinking, why am I suggesting an economics book to clinicians who want to innovate? The book looks at the economic outcomes of interventions and choices as opposed to their emotional intentions. 135 more words

Reading List

Economics in One Lesson, Chapter I - Henry Hazlitt

Part I, Chapter I – The Lesson

The lesson:
The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in the tracing of consequences of that policy not merely for one group but for all groups.
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Basic Economics