When we hear our leaders talking about the economy, world trade, and the principles of economics, maybe it is time we have these principles translated so that all of us can understand them. If you’ve ever been bored sitting in Econ 101 you’ll enjoy this refreshing explanation by Yoram Bauman, "the world's first and only stand-up economist." I love how he differentiates between macro and micro: “Microeconomists are people who are wrong about things in specific. Macroeconomists are people who are wrong about things in general.”
Tags: Defender of Economic Freedom award, Economics, humor, video
Principles of economics, translated [Video]
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