"Economics must not be relegated to classrooms and statistical offices and must not be left to esoteric circles. It is the philosophy of human life and action and concerns everybody and everything. It is the pith of civilization and of man's human existence." – Ludwig von Mises | "Economics is not dart throwing. It can be understood and properly forecast...(it) is a scientific discipline with established laws; applying those laws will yield fairly accurate predictions over time." – Peter Schiff | Gold Price | |||
If you assume that about 100 people in Washington are going to have meaningful input in the decision on how to spend this enormous stimulus of $800 billion, then on average each person is responsible for spending about $8 billion of our money. Can anyone in government spend that much money, $8,000 from every US household, more wisely than the average American would spend it? I simply do not believe that, and I also reject the morally dubious concept of taking people's money and spending it on their behalf, supposedly for their own good. — Alan Schram |
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Are you ready? Try this crash course to get a baseline understanding of the economy (and the trouble we're in!). There will be some disagreement with the author's stance, but the facts are there: Chris Martenson's Crash Course | |