This clip from Jared Bernstein, Chair of the council of economic advisors, may help alleviate a fear to those who believe “those in power” are smarter than you.
https://youtu.be/RRJ7NUWYyEM?feature=shared
Economics is simple….1) prices fall to the marginal cost of production in a free market and 2) We trade with each other (all over the world) to gain more value.
It just looks hard through a system trying to deceive you to retain its power over you.
What a boost of confidence for all of us Listening to this fellow suddenly elevates us to the status of flat out geniuses 😂
Saw this on Swan but it needs to be broadcasted and spread far and wide.
And yes thank you for reminding us of the simplicity of economic principles 🙏
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