Sunday, October 28, 2012

Economics for Occupiers Pt. 1: Basic Economics

This last year I watched with disgust a group of people “occupy” places of commerce in protest to what they believed were unfair and unscrupulous practices of people who had a lot more money than the Occupiers had.  I say disgust, because I have never in my life seen a group of people more abysmally ignorant of that which they were protesting than these people.  Many occupiers were reasonably educated by our 21st century standards.  Many claimed college degrees. Indeed, many protesters were there because their liberal arts degrees cost them six figures and more. After that expense they were still effectively unemployable, because they lacked the skills to actually produce anything they could trade for what they wanted.

The whole Occupy movement is a scathing indictment of our education system.  Not one of these people could speak coherently on the idea of basic economics.  Now many doctorates in economics would like you to believe that economics is an arcane, difficult to understand subject, beyond the capacity of the lay person to comprehend.  Poppycock.  Economics is simple and easy to understand.  This article is the first part in a series that will explain basic economics in irreducible, incontrovertible terms that even an Occupy protester can understand.

Read more about this in chapter 2 of Economic for Occupiers, now available on