Does economics have any practical application to those of us who are not trading currencies or attempting to influence the money supply? Can this stuff help you make money, save money, or manage your business or career? Equally—if not more—important, can it help you become a more informed voter and a better citizen and neighbor?
Yes! But first you have to spend a little time learning about policy basics, especially regarding key areas such as health care and environmental economics, and about monitoring the economy. Regarding policies, there’s a lot of emotional argument and political theater that barely passes for discussion or analysis. If you understand the competing interests and the economics of the situation, ...