February 16, 2016
Michael Bloomberg and Donald Trump are both businessmen, both are politicians, and both are billionaires. Obviously, then, they must know a lot about economics, right?
Not necessarily. As Don Boudreaux — a man who does
know a lot about economics — correctly points out, success at business does not imply knowledge of economics:
Knowing how to run a business is not the same thing as knowing economics. Continue Reading...