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The key takeaways from the book for someone new to economics would be understanding the interconnectedness of different aspects of the economy, the principles of Keynes Economics, the reasons behind the wealth of individuals like Bill Gates, the functioning of the Federal Reserve, and the importance of clear and comprehensible language in explaining economic concepts.
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is broken down into many subjects that explain how each aspect of the economy affects the other. Wheelan is a firm believer in Keynes Economics—that the markets should work themselves out—and why he feels the government should not intervene. He informs the reader of why people such as Bill Gates are rich and how they continue to get richer. He clarifies how the Federal Reserve works and why it is needed. There are no supply and demand, mathematical, or other graphs inserted into this read; only clear, concise, and comprehensible language that anyone can understand.
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Economics can be intimidating to the person who is not well-versed in business and mathematics. This book caters to the “layman” by breaking down the...
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