Local View: Call it economics — or just mumbo jumbo about money |
From the column: "Today we are surrounded by the confusing lexicon of economics ... (and) are similarly surrounded by professors and politicians who purport to understand it."
By John Freivalds
Published 12/12/2022
Duluth News Tribune
Economics is that science that describes, analyzes, and explains how people allocate scarce resources to unlimited wants. That’s what Father Zrinyi, my economics 101 prof at Georgetown University, taught me.