Basic Economics

Tue, 07/08/2008 - 12:17pm by cecile

“Investment and speculation,” “government’s role in business,” “money and the banking system,” “inflation,” “capital,” “labor,” “productivity,” “government finance” and “international trade.”

Learn about what makes the world go ‘round!

Dip your toe into this fascinating topic with this lively and well-written book-- Basic Economics: A Common Sense Guide to the Economy by Thomas Sowell.

A lively book about economics? It is possible!

Master basic economic principles such as how governments create monetary policy, inflation, interest rates, how governments regulate businesses and markets, how international trade works and how governments finance themselves.

I promise—it is not boring!!

Suddenly the news makes a lot more sense once the big picture concepts are understood. What is happening to your holdings and potential investments makes a lot more sense too.

Pretty soon you’ll know what CDOs, ETFs, put-call ratios and derivatives are all about.

It pays to know!