Economics is a tricky topic and there are many questions and answers people would love to read on is topic. The book "The Undercover Economist Strikes Back" is a good start and is written in question and answer form which I often enjoy. Financial Times columnist Tim Harford writes this ingenious book looking at bank collapses, third world labor, government spending projects, and many other issues of macroeconomics. Tim has written many of these under over series books that takes a inquest look and perspective of economies and government and consumer decisions that affect the global economy. He explains the role of printing money in fixing financial problems and how sometimes it works and sometimes it blows back in the face of the governments attempts to fix the picture and health of a nation. The chapter on the babysitting recession looks at one example that man economic professors spent a long time trying to explain to exasperated students in beginning economic classes on college campuses. The answers to the authors own questions are amusing at times and makes this sometimes boring topic into a more understanding read and a premier economics book. Tim spends intense chapters on Stimulus and inflation and the roles government makes replenish wealth back into its pockets through spending projects. The crucial projects needed to improve economies in a quick time span to end slumps is the most important role of governments. The author questions unemployment and whether this is used as a tactic in battles between governments and private business for subsidies. This is a great read and look of one important columnists take on modern economic issues so many debate and cannot agree upon for the ultimate solutions to ending depressions that are way too frequent.
No comments:
Post a Comment