"Most of the economics that is usable for advising on public policy is about at the level of the introductory undergraduate course" -Herb Stein
There are certain simple principles associated with economics that still seemed to be missed by many. Economic is about the decisions to allocate scarce resources. Individuals and firms respond to incentives. Prices provide signals. Supply and demand behavior does make sense. Producers and consumers respond to prices. The simple concepts and foundation is missing from discussions about health care, debt financing, and economic growth.
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