Even though we’re closing in on the most pivotal presidential election in recent memory, the major news stories aren’t happening in Washington—they’re happening on Wall Street. With the Dow starting to look more like a roller coaster than a stairway to heaven, people’s fortunes are hanging in the balance of our economic system, which has been nothing if not grossly mismanaged by our government.
To be sure, the root cause of a majority of the US‘s economic problems is a general lack of understanding of fundamental economic principles, both in Washington and in the average American household. Obviously, this is a huge problem, and the only real long-term solution requires an increase in the baseline level of economic understanding.