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Jason Burack of Wall St for Main St interviewed John Tamny who is the Political Economy editor at Forbes, editor of RealClearMarkets.com http://www.realclearmarkets.com/, plus a senior economic advisor to Toreador Research & Trading.
John writes a weekly column for Forbes that is available here: http://www.forbes.com/sites/johntamny/
John also has a new book out called, Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You about Economics, with outstanding reviews on Amazon:http://www.amazon.com/gp/product/1621…
During this 25+ minute interview, Jason asks John about conventional economics (Keynesian) and if it’s overly complicated?
John thinks the current economics taught in most universities is far foo complicated and that real economics is much simpler.
Jason and John talk about the Austrian School of Economics and how many people can easily read the introduction book to Austrian School Economics, Economics in One Lesson, by Henry Hazlitt.
Jason and John talk about Economics in One Lesson and John says how his goal with his new book, Popular Economics, was to make a more modern version of Economics in One Lesson, with modern stories.
Jason and John discuss the Amtrak derailment and why does government even own trains in the first place?
John says lower taxes on small business and less regulations will allow the private sector to create more jobs and allow the economy to fix itself.
Jason and John also discuss the plight of Millennials, many of whom have 6 figures in student loan debt.