Easy Economics

The purpose of this book is to explain economics in the simplest way possible and to help anyone who reads it easily understand what people say, write, and discuss about the subject. “The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.” THOMAS SOWELL “Finance is the art of passing money from hand to hand until it finally disappears.” ROBERT W. SARNOFF “The crisis of today is the joke of tomorrow.” H. G. WELLS