Publisher's Synopsis
Understandable Economics: Because Understanding Our Economy is Easier Than You THink and More Important Than You Know addresses the frustration felt by the millions of people troubled by recent changes in our economy. They see incomes stagnating, middle class jobs disappearing, and the economy slowing. This essential primer on finance and economics provides readers with a practical understanding of our economy and the ability to identify, understand, and advocate for constructive solutions to the problems we face.
Using straightforward language free of jargon and full of accessible analogies and real-world observations, New York University economist Howard Yaruss creates a compelling and comprehensive picture of our financial system from the Fed to international trade. Yaruss provides simple answers to complicated questions like:
Where does money come from, why does it have value, and who controls it?
Why is inequality growing and what can we do about it?
What is inflation and how does it work?
What is the Fed and what does it do?
Is the National Debt a threat?
What are corporations?
What does the GDP tell us?
What happens to money spent on imports?
What causes a recession?
… and many more.
Understandable Economics discusses these and similar questions, puts them into context, and provides the foundational knowledge that will enable readers to answer these questions for themselves. More than that, the book also provides readers with the tolls and knowledge to defend against uninformed and inaccurate criticisms and to advocate for the policies that make sense for them.
