Letters: State of economic literacy among Americans

Published: Tuesday, Aug. 27 2013 12:00 a.m. MDT

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.

Steven Yorgason


Try out the new DeseretNews.com design!
try beta learn more
Get The Deseret News Everywhere