Episode Details

Why should you study economics? Some things to consider, where does wealth come from? How does it grow? Why do economies go up and down? Is inflation really ‘transitory’? Why have tariffs not caused inflation? If the unemployment rate is under 5%, is that good or bad? Economics drives are understanding of the world around us. For business people and bankers, many of the decisions they make daily are derived based on what economic data is telling them. Having even a rudimentary understanding of economics can change the way you look at and interpret the world. If you want to begin studying economics, where is a good place to start? Reviewing economic indicators monthly, watching CNBC, and reading The Wall Street Journal is a great way to get started. This episode reviews an article from The Epoch Times (subscription required) titled “What’s the point of economics as a discipline?”