A few days ago, I took my son to a children's book fair in his school. Amongst the colourful collection of Geronimo Stiltons, Captain Underpants, Wimpy Kids and Nancy Drews, one book caught my attention. It was titled So You Want to Know About Economics (2017) by an author I had not previously heard of, Roopa Pai.
Wednesday 31 January 2018
Thursday 11 January 2018
THE RIGHT VIEW OF ECONOMICS - REVIEW OF SCHIFF AND SCHIFF'S "HOW AN ECONOMY GROWS AND WHY IT CRASHES"
About a couple of years ago, I saw a YouTube video entitled How the Economic Machine Works by billionaire hedge fund manager Ray Dalio (see video here). Dalio's vision of the economy left me nonplussed. He seemed to be saying that spending drives the economy and that the central banks could effectively bring us out of recessions by manipulating interest rates.
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