The Layman’s Guide to Economics, Appendix 1

When I first published the Layman’s Guide, I omitted any reference to economists as such, mostly because it seemed to me at the time that not even God himself, let alone an untutored blogger, could make anything either succinct or coherent out of their work. Since then, I’ve read more widely, if not more deeply, and, by George, I think I’ve finally got it.

Economists in General: The health of the economy does not depend on your having any.

Some Economists in Particular: And a damned good thing it is, too, which you would realize if only you could grasp the concepts involved.