2017-06-30 05:30:02

FUNDANOMICS: The Free Market, Simplified by Roy Spencer

FUNDANOMICS: The Free Market, Simplified by Roy Spencer

Page Updated: Jun 30, 2017
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Roy Spencer
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FUNDANOMICS: The Free Market, Simplified

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Book review

FUNDANOMICS is the simplest and most concise exposition you will find of what energizes the Free Market, and why it should be celebrated by all social classes.

Best-selling author Roy W. Spencer looks at the fundamental driving force that propels a society to ever higher levels of prosperity, generation after generation: People having the freedom to provide as much stuff as possible to each other that is needed and wanted...no matter what that stuff happens to be. Everything else in economics is details.

Spencer argues that this simplification is important because, unless the fundamental force unleashed by liberty and the pursuit of happiness is understood, citizens are too easily misled by politicians and experts who either cannot see the economic forest for the trees, or are purposely manipulating the economy for their own benefit. The claim that a more centralized control of the economy would be better for the poor is refuted with evidence from around the world which shows the level of countrys' economic freedom is directly related to the overall well being of a nation, for rich and poor alike.

The author explains that arguments over the individual mechanisms of the economy are unnecessary and distracting. It's not about money, because money has no inherent value. It's not about wages, because coerced increases in pay above what market forces can support end up holding the economy back. And it's not even about full employment, otherwise we could simply have half the population digging holes in the ground and the other half filling them up again.

FUNDANOMICS exposes the common economic myths and fallacies which allow governments to continue to get away with economic tricks and supposed fixes ranging from jobs programs to printing more money...efforts which end up reducing prosperity, rather than enhancing it.

FUNDANOMICS could fundamentally change the way you look at basic economics.

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