some economic commentary

Beware some economic commentary por Donald J. Boudreaux:

Economists have failed to communicate the basic insights of economics to the general public. So it’s unsurprising that public understanding in the 21st century of elementary truths of the economy is on par with public understanding in the ninth century of elementary truths of the solar system.

A reason for this failure is that most economists have little desire to talk about economics to non-economists. There are exceptions. Milton Friedman regularly explained the economic effects of the likes of inflation and rent control in language that was crystal clear and engaging. But these exceptions are rare.

Worse, a few of these exceptions make matters worse. Some economists who are notable for communicating with the public reinforce, rather than correct, the public’s economic misunderstanding.