What defines an economy? What makes one country more prosperous than the other? Is gold really valuable? Is inflation actually good for the economy? Why is savings rate important? Does money define prosperity? We'll attempt to answer these questions and more with no technical jargon and using simple examples.
Saturday, July 20, 2013
YouTube video - economics for the uninitiated
A very nice youtube video introducing economics to lay people. Although, the Austrian bent to the video distorts the picture a little bit.
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