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.
- Jay Evensen: Ask people in the Third World if...
- In our opinion: Alleged medicinal benefits of...
- My view: Medical marijuana: Google vs. PubMed
- My view: Scouting: Friend or foe?
- My view: Does going to pot send the wrong...
- Rely on invisible hand?
- George F. Will: Break the dentists' hold on...
- Jay Evensen: Legislature's pornography...
- In our opinion: National security and... 79
- Robert J. Samuelson: The false charms... 58
- Is it time for our first woman president? 55
- My view: Scouting: Friend or foe? 39
- Barack Obama: Religious freedom keeps... 33
- Jay Evensen: Legislature's pornography... 32
- In our opinion: Alleged medicinal... 31
- Letter: Coal and job creation 24