Easy Economics

by Ray Jones Our economy has a business cycle. There are prosperous times and impoverished times. In prosperous times, business firms distribute complimentary items, products are durable, affordable and in surplus. Rents are reasonable. Savings, investments and luxuries are plentiful. Families are larger, wives can be homemakers, and recreation and entertainment flourish. Remember the years 1795-1835, and in the 1950's. In impoverished times, there is a lack of employment, people have a hard time paying for housing and other necessities, and families have to scramble. The most [...]