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Summary: Understanding the economy is a lot easier than you think, and Howard Yaruss comes on this episode to prove it. His newest book, Understandable Economics, fosters a comprehensive understanding of the spectrum of markets\u2014outlining clear justifications for government intervention and the creation and allocation of goods/services. Rather than labelling some markets \u2018free\u2019 and others \u2018controlled,\u2019 it is more helpful to explore the degrees to which each market utilizes both characteristics. Tune in to hear us discuss the most useful fundamentals of the economy, and be sure to check out Howard\u2019s book for a fruitful source of concepts and explanations. Highlights: -Howard Yaruss discusses his new book, Understandable Economics -Howard is an attorney, author, business man, and professor at NYU -Howard believes that economics is not readily understandable because it is frequently not taught correctly. You may leave an economics course with even more confusion about how the economy works -Economics is not a science; it\u2019s about producing and dividing up all of the goods and services that govern our world -His book is not economics for dummies; rather, it is an effort to explain economics as it should be explained -Markets exist on a spectrum. Every nation has some government control\u2014even North Korea has some element of free markets -Free markets are like a highway. They are a great system of transportation, but if there were no rules, they wouldn\u2019t work. -There should always be a clear justification for government intervention, but when they overreach, they create a negative view of the government -People need to get involved and understand what is going on in the economy, and Howard\u2019s book contributes to this. -If the market isn\u2019t working, then it is acceptable for the government to get involved in funding the progress of innovations like EVs. -You can\u2019t dictate a transition just because the market isn\u2019t ready for it yet. It\u2019s important to let the markets work it out -A lot of people believe that the government is the spender of last resorts -We shouldn\u2019t be for or against regulation. It\u2019s all about coming to an agreement on what regulations are necessary and helpful Useful Links: Financial Survival Network Understandable Economics