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: Perry indictment a concern
- Carmen Rasmusen Herbert: Families battling...
- Scandals hiding in plain sight
- A. Scott Anderson: The world needs America to...
- Charles Krauthammer: The role of a great...
- Join the discussion: Is Rick Perry's...
- Michael Gerson: No time to lead from behind
- Mary Barker: The real 'Hunger Games' —...
- Mary Barker: The real 'Hunger Games'... 81
- Robert Bennett: Contrary to Krugman,... 61
- In our opinion: Perry indictment a concern 56
- Letter: Utah's birthright 49
- Letter: Irreparable damage 48
- In our opinion: Avoid blurring the line... 46
- Join the discussion: Why is young adult... 42
- Michael Gerson: Rand Paul's bogus outreach 37