Economics Impact Your Life - Every Day

Everyone should have a basic understanding of Economics

I was at our local computer store this morning, picking up a repaired hard drive, when Doug and I got into a conversation regarding our kids, wages, technology, investing, what we can learn from the Amish, and so on and so forth. Wide ranging discussion; welcome to Small Town, U.S.A.

I have opinions of course, and shared those with Doug, but in particular I’d like to address Economics as it pertains to us, in the U.S.A. I’ve written quite bit on the subject, but first I will point you to my two favorite economists; Thomas Sowell and Walter Williams, Walter died two or three years ago now, and it is a great loss for those of us he left behind. Both have a big footprint on YouTube, simply do a search for either name.

Thomas Sowell is in his mid-90’s now, and has written at least 8 books since he turned 80; he’s so prolific I can’t even keep up with the titles. But, put two books by Sowell on your required reading list:

Basic Economics: A Common Sense Guide to the Economy, and

Applied Economics: Thinking Beyond Stage One.

Courtesy of Elisha’s Force, here is a link to the 5th Edition of Basic Economics, free from Internet Archive.

No charts, no graphs, just easily understood text, so an audio version will suffice. Basic Economics is just that; Applied Economics, in my words, is how governments screw-up Basic Economics. Good reads both.

Walter Williams was also a prolific writer, but I want to point you to an interview with Walter.

Walter Williams Suffers No Fools. Pay particular attention at about the 34 minute point, and remember, Williams is no tinfoil hat-wearing conspiracy theorist.

Okay…on to what I’ve written.

The deck is definitely stack against us, We the People. What can be done about it? Well…I’m no expert, so I can only point you to what we are doing, because we wouldn’t be doing it if I didn’t think it would help resist and defend against governments. And I’m learning a lot from how the Amish do things.

Let me say in closing that it certainly feels like I’ve made most of the mistakes that could have been made. Having said that, I like to think that I’ve learned from my mistakes. Only time, and trial, will tell.