Anecdote: “In the late 1800s through the early 1900s, businesspeople were seen to best understand economics,” said Sparks, investor, entrepreneur, iconoclast. “Maynard Keynes came along in the 1920s-30s and helped us see that businesspeople may have understood microeconomics but had little grasp of macroeconomics.” For example, in microeconomics, saving money is a good thing. In macroeconomics, if everyone saves mone
Hope all goes well… “It would have been easy to keep pumping up the economy, borrowing a lot of money, creating a lot of government jobs,” explained Treasury Secretary Bessent to Tucker Carlson, defending the administration’s policies, while describing the extent to which Biden juiced up the US economy, like a body builder on steroids, appearing strong while destroying his internal organs. “There was no controversy w