Much has been said about the sad state of economic literacy among Americans, but I can sympathize with those who are confused by opaque doctrines that make sense to no one but economic mystics. How else to explain such counterintuitive notions like "spending creates wealth," or "saving is a drag on the economy?"
Proofs for such ideas are found in impenetrable mathematical equations and models that leave the vast majority shaking their heads in frustration. Better to leave economics to the experts and hope they know what they're talking about. Maybe someday an economic theory that makes sense to ordinary people will make its ascension. Meanwhile, I'll ignore the mystics and curb my spending and tend to my savings.
- In our opinion: U.S. needs immigration...
- Letter: Acting on immigration
- How America feels about Mitt Romney right now
- My view: Remembering JFK 51 years later
- Greg Bell: It's time to raise the gas tax
- In our opinion: 70 mph — driving at the...
- Michael Gerson: Obama’s executive order...
- In our opinion: Thankfully speaking —...
- In our opinion: U.S. needs immigration... 65
- Dan Liljenquist: Obamacare was a rude... 61
- Letter: Growing party divide 53
- Michael Gerson: Obama’s executive... 44
- How America feels about Mitt Romney... 40
- In our opinion: When it comes to... 40
- Letter: Acting on immigration 39
- My view: Global warming needs free market 26