Thursday, August 16, 2007

Giving back

From time to time I like to use this space to evangelize understanding of economics -- because the average person's understanding of economics is woefully inaccurate, they are easily swayed by political arguments that actually don't make any sense.

Walter Williams is better at explaining economics than anyone I've ever seen, even though you might get angry when he's contradicting your preconceived notions. This is an excellent explanation of how money works and why some people have more than others.