What Obama Does Not Know

I'm going to explain three crucially important topics the president - and mainstream press - seem not to know anything about.

When I'm finished, you will know more than Obama does.

The first I'll cover is the fact that ...

...the economy is not a machine

When we listen to politicians and the mainstream press talk about the economy, we usually hear comments such as, the economy is sluggish, or, the economy is slowing down. We need to speed it up, to jump start it, or repair it, or tune it up.

But the economy is not a machine. It's an ecology, made of biological organisms - people - you and me and our loved ones, and millions of others.

Richard J. Maybury on politicians and markets and why the politicians should not interfere with them.