An increasing amount of "experts" do not seem to understand the basics of their field. Economics is no exception.

To understand the world, I am convinced one must understand economics - and you have to start with the basic concepts. If the basics are wrong, your analysis will be foundationally flawed.

I'm joined by Dr. Donald Boudreaux, who writes a lot about the basics, and we cover some of the important ideas that have to be understood before analyzing anything more complex.

Get full access to Steve Patterson's Substack at stevepatterson.substack.com/subscribe