Save in good times to weather bad times. Sound advice for individuals, companies and states.
As the globe recovers from an economic downturn, citizens and world leaders want economists like Tomáš Sedláček to become saviors. Instead, he holds up a mirror to their poor choices. Even those who struggle to decipher fiscal formulas and economic jargon will grasp most of Sedláček’s points, which he explains through various entertaining metaphors. For that reason, getAbstract recommends this worthy economics lecture to laypeople and experts alike.
In this summary, you will learn
- Why economic advice from the bible and other ancient texts still holds true,
- What formula to use for sound economic thinking and
- Why borrowing money with interest is not a good choice.
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