Congress is not capable of using Economics to improve pubic policy; only identity politics and voters matter.
Adam Smith did not invent capitalism, nor did he invent the word. He described trade of goods and services. He also articulated the reason free choice and trustworthy participants underlies sustainability of trade. Most important, he explained in great detail the principles of efficient production by means of: Division of labor, use of tools and economic scale to … Continue reading EXPLAINING ECONOMICS In a System of Free-market Capitalism
Long before there was government, there was capitalism. Capitalism is not an institution, it has no leader, is not a part of government, was not invented, it is free, and the only basis for its reoccurring for thousands of years is that it works! In its simplest form it requires: Two persons, two assets and mutual desire of … Continue reading EXPLAINING CAPITALISM
My real name is Gerald Gruber. I am a public school graduate of the Arthur Dixon grade school, and Emil G. Hirsch high school in Chicago. I am fortunate my parents were able to send me to college at DePauw University in Greencastle. Indiana. After graduating in 1959 with BA degrees in History and Economics, I attended The … Continue reading About the Publisher of Publiustoo.com