[1]

Since the economy is making so much news these days, I thought I would recommend a great (and easy) book on understanding how the economy works.  The book is called, [2] Basic Economics: A Common Sense Guide to the Economy, and is written by Thomas Sowell.

As a business major in college, I was required to take several classes in Economics, Finance, Accounting, etc……but I learned a lot more about economics from Sowell’s book than I did in any college class.  In the book he explains how free markets work, how prices are affected by supply and demand, how competition controls prices, and how government intervention usually screws everything up.  When the government gets too involved in economic situations, they distort the true value of things, thus creating financial havoc.

Thomas Sowell is what you might call a "Liberal’s worst nightmare"– he’s a black conservative who frequently speaks out against Barack Obama and democratic policies.  Sowell also has a fascinating life story.  A high school dropout who joined the Marine Corps, Sowell eventually got a GED, then earned degrees from Harvard and Columbia University before earning a Ph.D. in Economics from the University of Chicago.  So he knows way more than most of us ever will about the economy, but he’s able to explain it in a way that simpletons like me can understand.  His political commentary is very insightful as well and you can read it at [3] townhall.com.

In conclusion, if you want to understand what in the world the news guys are talking about with the economy.  Or if you want to understand why Obama’s economic philosophy will be detrimental to our nation.  Get a copy of Sowell’s book.  It’s informative, well-written, and best of all, easy to understand.