Category Archives: Economics 101
The Truth about Trump trade Tariffs
President Trump has stated his belief that having a strong steel industry is a National Security issue. His argument is based upon the idea of having a secure manufacturing industry and the necessary raw materials in the event of a … Continue reading
The Third Law of Natural Economics
Since the second LAW OF Natural Economics states that human nature provides a good model with which to analyze economics, we are naturally led to ask what characteristics of human nature are relevant. Is there an aspect of our … Continue reading
Federal Budget B. S.
There is a basic element of deceit that is a part of every discussion about the Federal Budget. The simple fact that distorts every discussion is the fact that everyone in the Federal Government uses the same basic assumption about … Continue reading
The First Law of Natural Economics
Natural Laws of Economics Traditionally, economists like to talk about the economy in terms of money and statistics. Actually, money contributes to their overall tendency to do this because it’s the way we tend to think about our interactions … Continue reading
What Is Money?
This might seem like a really ridiculous question. We use money every day. Certainly we all have an understanding of what it is. But answering the question and understanding the answer can lead to a tremendous and much deeper understanding … Continue reading
Who or What is the Economy?
Our temptation when asking this kind of a question is to jump right into the fray with everyone else. We always start with a feeling that everyone else knows more about it than we do and we are playing “CATCH-UP”. … Continue reading
WELCOME!
The subject of Economics, as it is traditionally taught, is horribly boring! It is filled with statistics and charts and an overwhelming number of theories which frequently seem contradictory. Most people come away from their first encounter at least slightly … Continue reading
"Me? An Economic Expert"