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The author prefers capitalism over communism and other government-controlled markets because he is a firm believer in Keynes Economics. This economic theory suggests that markets should be allowed to work themselves out without government intervention. The author believes that this approach allows for individuals like Bill Gates to become rich and continue to get richer. He also explains the importance of the Federal Reserve and its role in the economy.
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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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