Financial Survival Network

Summary: Understanding the economy is a lot easier than you think, and Howard Yaruss comes on this episode to prove it. His newest book, Understandable Economics, fosters a comprehensive understanding of the spectrum of markets—outlining clear justifications for government intervention and the creation and allocation of goods/services. Rather than labelling some markets ‘free’ and others ‘controlled,’ it is more helpful to explore the degrees to which each market utilizes both characteristics. Tune in to hear us discuss the most useful fundamentals of the economy, and be sure to check out Howard’s book for a fruitful source of concepts and explanations. Highlights: -Howard Yaruss discusses his new book, Understandable Economics -Howard is an attorney, author, business man, and professor at NYU -Howard believes that economics is not readily understandable because it is frequently not taught correctly. You may leave an economics course with even more confusion about how the economy works -Economics is not a sci