ARRA News Service: Principles of economics, translated [Video]

News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
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One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Monday, March 19, 2007

Principles of economics, translated [Video]

When we hear our leaders talking about the economy, world trade, and the principles of economics, maybe it is time we have these principles translated so that all of us can understand them. If you’ve ever been bored sitting in Econ 101 you’ll enjoy this refreshing explanation by Yoram Bauman, "the world's first and only stand-up economist." I love how he differentiates between macro and micro: “Microeconomists are people who are wrong about things in specific. Macroeconomists are people who are wrong about things in general.”

Tags: Defender of Economic Freedom award, Economics, humor, video

Posted by Bill Smith at 5:18 PM - Post Link

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