Raffaele Piccini (raff7)

Conspiracy theories and lies, I would not recommend to anybody

Good book, it explains clearly many fundamental economic principles. Unfortunately, even tho it tries to be as unbiased as possible, it is quite unbalanced, leaning heavily towards right-wing economics. Reading this book one would think that government intervention on the free market are always a catastrophe when in reality I believe the there are some specific circumstances where they not only help but are necessary. One example is the fact that the book clearly advocates for a free market for healthcare, saying that fixing prices or having a state-funded healthcare system would necessarily lead to a worst system overall due to service quality decline. the principles he uses to argue his point are indeed correct, however, he fails to mention how because of how healthcare system work a truly "free market" is not possible, as competition often does not have the effects it would on other markets. Say you are rushed to a hospital and are in dire need of a very expensive operation. the hospital is free to fix the price to whatever they want because you certainly cannot consider alternative hospitals at the moment, as you need the operation right away. This creates a sort of local monopoly that makes private healthcare extremely expensive and unaffordable. This was just one example of points he failed to mention. if he did this would be a perfectly balanced book, but unfortunately, it does have few biases. I would still suggest for anybody curious about basic economic principles, just remember to think with your head.