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Economics in One Easier Lesson |
Look, I'm no Henry Hazlitt. I just don't know what else to call this. My intent was to critique Keynesian economics, which is not hard, but I added a discussion of fractional reserve banking, which he omitted. I visualize the economy as two interlocking wheels: there is the wheel of business activity, but also the wheel of patterns of money creation and extinction. It deals in about as short a fashion as I am capable of with where we stand today, what our challenges are, and how basic economics have always and continue to work. I am not entirely happy with it, but know myself, and if I don't publish it now, perfectionitis will set in, and I will never finish it. |