Economics: Micro & Macroeconomics
A misunderstanding of the distinction between micro and macroeconomics is at the heart of bad policy decisions by the Federal Government that needlessly harm tens of millions of Americans. As the largest and richest economy and country in the world many of the Federal Government policies are more appropriate for third world countries. A Balanced Economy lays out the critical distinction between micro and macroeconomics. Based on this understanding of macroeconomics the case is made for a program of a government guaranteed living wage full employment. Again based on an understanding of macroeconomics the next sections explain why inflation is not a risk, the Federal Deficit increases private wealth, and the misnamed National Debt is really a measure of national wealth.