December 24th, 2014

Golden Hair

Basic Economics

Basic Economics: A Citizen's Guide To The Economy by Thomas Sowell

Exactly what it describes.  The basics of economics for the general audience.  Starting out with the observation that we may think we don't own beachfront property because of its price.  The reality is -- we don't own beachfront property because there's a lot more people who'd like to own it than there is property to be owned.  Price is just the way to sort things out.

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