If you haven’t read the first installment of “Economics for the Layman,” I’ll give you a brief summary. Gross Domestic Product is the estimated amount of economic activity which took place with in the borders of the United States. As this number goes up, we assume our economy has grown and if it goes down [...]
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Economics for the Layman Pt-2
December 29th, 2009 
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Tags: Austrian School Of Economics, Bid Prices, Brief Summary, Construction Costs, Conventional Wisdom, Economic Activity, Economists, Excuse, First Installment, Gdp, Gross Domestic Product, Layman, Money Supply, Politicians, Recession, Resource Prices, Social Welfare Programs, Speculators, Subsidies, What Is Inflation 
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