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In his "Demystifying Economics"- book, published in 2000, Dr. Allen W. Smith, writes: "Although economics has a greater impact on our daily lives than any other academic subject, it is not a general education requirement for a college degree. The net result is that the majority of college-educated Americans know very little about basic economics."- It happens that my understanding of economics was also negligible.
As a retired teacher (Ph.D. in nuclear physics) I lost a big chunk of savings in recent months. This prompted me to start studying economics. I am learning from several introductory economics books, including the one written by Professor Smith. In doing this I am making notes and observations. This is documented at my website:
