Understanding Economics: Howard Yaruss Explains What Every American Should Know

Discover how understanding economics can empower everyday Americans. Howard Yaruss joins Betsy Wurzel to explain inflation, Social Security, Medicare, and the financial myths shaping our daily lives.In this enlightening episode of Chatting with Betsy, host Betsy Wurzel talks with Howard Yaruss — economist, professor, attorney, businessman, and author of Understandable Economics. Howard breaks down how our economic system works in simple, practical terms that every American can understand. Together, they explore some of the biggest myths in today’s conversations about money, including whether Social Security and Medicare are really “running out of money,” why inflation happens, and what causes shrinkflation.Howard explains why billionaire Warren Buffett pays a lower tax rate than his secretary, how recessions develop, how national debt works, and why consumer spending is the true engine of job creation. Howard believes economic literacy gives people real power to understand policies that affect their daily lives. As he notes, “Our politicians work for us — we are their employers.” Betsy shares that Understandable Economics is the first economics book she has ever read, and she found it eye-opening and easy to understand.Betsy highly recommends it for anyone — high school and up — who wants to understand the world around them in clear, everyday language. Learn more about Howard Yaruss, his book, and his work at his website or on Amazon and Barnes & Noble. 💛 Greater understanding leads to greater empowerment — start learning how economics shapes your daily life.Become a supporter of this podcast: https://www.spreaker.com/podcast/chatting-with-betsy--4211847/support.💡 At Passionate World Talk Radio, we believe real conversations matter. Stay inspired and keep listening to Chatting with Betsy at www.passionateworldtalkradio.com.