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Podcast: PRay TeLL, Dr. Hash
Episode: 245 Monetarism
Description: Practically no one truly understands economics, including so-called economists who think that balancing a budget is of paramount important. Well, it's not except in the realm of accounting, but economics is definitely not accounting even though a lot of people confuse the two. Economics is how a society increases its productivity to the point where people's basic needs are met with very little work, and they can choose to work more for status or fulfillment reasons, or not, which is certainly the very essence of liberty. Both political Parties, the Republican Party especially, use this confusion between accounting & economics...