Welcome to Persephone’s Path!

This is the place for ramblings about liberty, skepticism, pop-culture and whatever pebbles in the road I decide to kick around.

 

I Am We the People, And So Are You

Many years ago, I read Ayn Rand’s and in hindsight, it completely changed the path of my thinking. Let me pause for a moment to take inventory on who is still reading. I mentioned Ayn Rand in my first sentence, so I assume a handful of readers decided to skip the bailing and just jump […]

Of Bonfires and Water Vapor – Why Banning eCigarettes Sucks

I do not smoke. I have never smoked. No one close to me has ever died as a result of smoking. My mother smoked for most of my childhood, but she quit around the time I started college, and has been smoke free for nearly 20 years (congrats mom!). She quit with a friend. He […]

Fighting Depression, Building Friends Up, Tearing Stigma Down

“It’s the same voice thought that … you’re standing at a precipice and you look down, there’s a voice and it’s a little quiet voice that goes, ‘Jump.’ The same voice that goes, ‘Just one.’ … And the idea of just one for someone who has no tolerance for it, that’s not the possibility.” Robin […]

Online Poker Good for Card Rooms and Casual Players

I recently rekindled one of my favorite pastimes.  Playing poker.  Not that I ever stopped playing; I just haven’t had the time or opportunity to play much in the last few years.  Last week, I found myself at my favorite local card room, Running Aces (which I highly recommend checking out), where I managed to […]

Disagreement Does Not Equal Intolerance

People sometimes ask me, “why are you so vocal (aka militant) about your atheism? Why do you criticize religion? Why are you intolerant? You’ll never change anyone’s mind.” My response to that final statement, which informs my answers to the other questions, is “how do you know?” The fact is people do change their minds […]

My Sphere of Power Theory

Several years ago, I began thinking about an idea I eventually dubbed the “Sphere of Power.” I had recently moved to Washington, DC to begin working for the federal government. Power is in the air in that city. I worked within a few square miles of many of the world’s most powerful people and their […]

My Leap of Un-Faith

April 1st is always an important anniversary for me. I privately celebrate it each year. I had originally planned to post this on 4/1, but life got in the way.  I usually refer to April 1st as my Epiphany Day, but this year I’ve decided to rename it Precipice Day, or maybe co-name it, because I […]

Unrealistic Expectations: Security vs Freedom

As Americans, we must decide whether or not we prize security over freedom. We cannot have it both ways. It’s time for us to understand that. The bombing on April 15th at the Boston Marathon re-enforced that point for me, although it’s a topic I have thought about a lot over the past years since […]

Multiple Sclerosis Files: Rockstar Without Benefits

I’ve decided to further add to the ADD nature of this blog and post about yet another topic that’s near and dear to my heart — Multiple Sclerosis (MS). I mean, I’m not in love with the disease, or anything, but yeah… I have it. Most people who know me, know I have it, but […]

Give Humility a Chance

This week has killed my spirit a little bit. It began when I turned forty on Saturday.  The day itself was fun, but it marked a moment in my life I’d been dreading somewhat this entire year.  Mid-life is officially upon me, and I have little to show for it.  Yes, I have great friends and […]

Economic Ignorance Impacts Us All

Yesterday, I finished one of my many summer reads: Thomas Sowell’s “Basic Economics.” I’ll simply say that this is one of the most important books every non-economist should read. A few years ago, I began to realize I had very little comprehension of economic principals, and schools of thought.  I’d taken macro economics (without taking […]

Arrow
Arrow
Economic Ignorance Impacts Us All : Yesterday, I finished one of my many summer reads: Thomas Sowell’s “Basic Economics.” I’ll simply say that this is one of the most important books every non-economist should read. A few years ago, I began to realize I had very little comprehension of economic principals, and schools of thought.  I’d taken macro economics (without taking […]
ArrowArrow
Slider
Facebooktwittergoogle_plusredditpinterestlinkedinmail
Continue Reading Comments { 0 }

Economic Ignorance Impacts Us All

adam-smith-statue-Edinburgh1024x640_gettyYesterday, I finished one of my many summer reads: Thomas Sowell’s “Basic Economics.” I’ll simply say that this is one of the most important books every non-economist should read.

A few years ago, I began to realize I had very little comprehension of economic principals, and schools of thought.  I’d taken macro economics (without taking micro economics) in college, but none of it really stuck.  I was a sociology major, which does overlap with economics, but most of the focus in college courses was on the theoretical side, and not really critically examining which philosophies actually worked.  And frankly, even on the philosophical side, in hindsight, the sociology department was ill-equipped to handle this complex discipline.  From my one economics class, I understood the idea of supply and demand at a basic level, but I didn’t really understand much beyond that, especially not in any way that would allow me to have a coherent discussion on economics with anyone.  This bothered me, because I like to know truth, and I realized I tended to believe the rhetoric I’d hear in the media or my social circles without any real understanding of why.  I wanted to know what most economists actually believed and why.

And I came to realize that ignorance of economics is one the most prolific and consequential problems for the populace to have in a democracy.  Failure to understand even just basic concepts, and different theories of economics allows us to be manipulated by politicians who will always play to our wants and desires to get re-elected, especially since many of them do not have an understanding of economics either.  Your ignorance, my ignorance, your neighbors’ ignorance harms all of us.  We owe it to ourselves to do better.   The public school system, guided by government requirements and “standards”, has not served us well in this manner.  The more I have read about the history of economics and the various schools of thought and basic concepts, the more sure of that I am of anything.  Our own intuition about economic principals often fails us terribly, and our desires for how we wish the world to be versus how it actually behaves blinds us to their truths.

No, economics is not sexy and to some it sounds boring, but at its core, it is simply the study of how humans behave.  Much like psychology or sociology.  It combines mathematics with the examination of history to explain why things happen.  It is the best academic discipline we currently have to help us understand the best and worst ways for human societies to manage “scarce resources which have alternative uses.”  Without understanding scarcity, we cannot understand the best ways to create societies that thrive and give the broadest opportunities for increased human well-being.

Sowell’s book is long, but he extremely clearly covers a wide swath of complex topics, boiling them down into easy to digest pieces.  You will come away better able to see through tricks by politicians and others who have absorbed the collective, wishful thinking, under-informed ideas of economics in pop-culture.  Sowell’s book isn’t the only book on economics I’ve read over the past four or five years (there have been many actually), but its the clearest and most comprehensive so far.   I’m still on a journey to better comprehension, but I’m far better off for having read Sowell’s (and others’) book.

And if you don’t want to read his excellent book, please, I beg you, please seek the truth about economics and how they impact your life and the lives of all humans.  Be skeptical of popular constructs and dig deeper, keeping your own wishes in check. I strongly believe this pursuit of economic competence is as important to a democratic society as is learning to read, write, and do basic math.

Cheers,
PersephoneK

Basic Economics by Thomas Sowell

I also recommend these great, very easy to understand books on economics:

 

 

Facebooktwittergoogle_plusredditpinterestlinkedinmail
Continue Reading Comments { 0 }
Picture of a Peace Dove with olive branch

Give Humility a Chance

This week has killed my spirit a little bit. It began when I turned forty on Saturday.  The day itself was fun, but it marked a moment in my life I’d been dreading somewhat this entire year.  Mid-life is officially upon me, and I have little to show for it.  Yes, I have great friends and […]

Continue Reading Comments { 0 }
logo image for liberty.me

Liberty Goddess Blog at Liberty.me

Hey y’all!  Just a quick note to let you know I’ve decided to re-blog some of my more liberty minded works at the liberty.me platform.  Everything will be posted here first, but since this blog covers territory beyond the liberty movement, I wanted to have a place where I could congregate my writing focused on […]

Continue Reading Comments { 0 }
image of dumpster fire

I Am We the People, And So Are You

Many years ago, I read Ayn Rand’s and in hindsight, it completely changed the path of my thinking. Let me pause for a moment to take inventory on who is still reading. I mentioned Ayn Rand in my first sentence, so I assume a handful of readers decided to skip the bailing and just jump […]

Continue Reading Comments { 0 }

My Thought Evolution on Freedom: Remembering 9/11

Two obvious points: 1) Its been a really long time since I’ve blogged!  2) Obviously, its the 14th anniversary of the attacks of 9/11/2001. I’ll skip the boring and lame reasons for #1 and focus on #2 today.  Every year on 9/11 I feel like I should have something profound to say. I never really […]

Continue Reading Comments { 0 }

Fighting Depression, Building Friends Up, Tearing Stigma Down

“It’s the same voice thought that … you’re standing at a precipice and you look down, there’s a voice and it’s a little quiet voice that goes, ‘Jump.’ The same voice that goes, ‘Just one.’ … And the idea of just one for someone who has no tolerance for it, that’s not the possibility.” Robin […]

Continue Reading Comments { 0 }

Of Bonfires and Water Vapor – Why Banning eCigarettes Sucks

I do not smoke. I have never smoked. No one close to me has ever died as a result of smoking. My mother smoked for most of my childhood, but she quit around the time I started college, and has been smoke free for nearly 20 years (congrats mom!). She quit with a friend. He […]

Continue Reading Comments { 0 }

Support for an Amazing Kitty

Just a quick update on my previous post about my cat, Oni and his recent near death experience/medical ordeal.  A friend of mine created this GoFundMe page for anyone interested in helping support Oni’s recovery.  While he’s doing so much better, he also has several challenges ahead of him.  I’m so humbled to have such amazing […]

Continue Reading Comments { 0 }

Love and Grief, Not Just for People

Three weeks ago, one of the most important creatures in my life nearly died.  He was hours, probably less, away from closing his eyes forever.  I brought him to the ER thinking he had severe back pain, and possibly had a blocked intestine.  Instead, they told me he was in shock, severely dehydrated, low potassium, […]

Continue Reading Comments { 0 }