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Economist Howard Yaruss Explains the Economy in an Understandable Way
Manage episode 346381038 series 3029643
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How much do you understand about the economy? Do you know how it really affects your life? Most of us don’t know more than what we’re told by people we are told are experts. But should we trust economists? And what’s the biggest misunderstanding people have about the economy?
When I ran across a book written by economist, attorney, and NYU professor Howard Yaruss called Understandable Economics – Because understanding our economy is easier than you think – and more important than you know, I thought - this I have to hear! I’ll agree it’s more important than we know… but easier than we think?!?
So in our chat, we find out why the economy is more like psychology than civics, what inflation is, and why we are supposed to stop spending when businesses need us to spend to survive. Why do we give corporations bailouts to help them survive, but not the little guy? And who decides how much money is worth anyway? And oh yeah… Bitcoin?!?! I promise, you will have a much better understanding of the economy after you hear this interview!
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