An increasing amount of "experts" do not seem to understand the basics of their field. Economics is no exception.
To understand the world, I am convinced one must understand economics - and you have to start with the basic concepts. If the basics are wrong, your analysis will be foundationally flawed.
I'm joined by Dr. Donald Boudreaux, who writes a lot about the basics, and we cover some of the important ideas that have to be understood before analyzing anything more complex.
Ep. 19 - Three Basic Concepts in Economics | Dr. Donald Boudreaux