Dr. Madsen Pirie, President of the Adam Smith Institute is explaining how basic economics is based on fundamental understanding of human nature. I posted this back in 2012, and found it in the archives when one visitor called it to my attention. This clearly demonstrates why Donald Trump doesn’t understand Trade at all, and is up the river without a paddle for his canoe. Ditto Hillary and Bernie.
Economics often seems too complicated for us everyday mortals, but it’s just based on understanding the real world. The workings of the market, the everyday buying and selling, profit and loss, tell us, if we choose to pay attention, how money, trade and markets really work.
Never fear, these are all really, really short, and worth your time.
Economics can be fun, and here’s another lesson: Economics is fun, Part 2. All about Price. How do products get priced, and what…
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Utopia, you are standing in it! 
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