What Every American Needs to Know About Economics

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The field of economics certainly is not as exact as the field of science, but there are principles of economics that, when violated, produce bad effects. The laws of supply and demand in a free market work so much better than any other system ever discovered when it comes to creating and allocating goods and services. However, there are always those who find fault with the process and want to substitute something else for the power and efficiency of the marketplace. This something else always seems to require the power of government. It is easy to travel down this path full of promises about how wonderful everything will be if we just insert government power into this or that situation. This book is designed to remind the reader of the magic of the market and the role it has played in producing the world’s most powerful economy.