Begin Here

I have a BA degree in Economics, but have never practiced it, in the academic sense.  Like everyone who balances a checkbook or manages a business expense, I have practiced it in a practical sense, but that requires little formal training in economic theory.  Such things are the realm of microeconomics, or even of accounting, and are quite well understood and subject to no dissenting opinions about their substance.

The interesting part of economics is macroeconomics, which is the study of aggregates rather than discrete elements.  This is where the action is, and where all the disputes between the many and various schools of economic thought reside.

All the macro theory I was taught was created prior to 1971, which is when the macroeconomic basis of the world was turned inside-out.  This blog will explore what changed, what it means to ordinary people and to their governments, and how and why our political leaders have been doing it all wrong for the past 46 years (at least), culminating in the mediocre-to-poor macroeconomic conditions and performance that have prevailed since the Great Financial Crisis.  I hope it will do it in a way that is understandable for those who have not suffered formal training in economics.  Indeed, that may be an advantage, because there is less to be un-learned in order to expose the truth.