If you want to get a glimpse of what it must feel like to be an MD forced to sit in the audience at a witch doctors convention, pick up any economics text and read the sections on opportunity costs, supply and demand and price formation, and the relationship between capital, labor and wage rates. Then sit through any Obama speech having to do with the the economy, employment, prices, taxes, debts, or deficits.
by Dr. Roy Cordato
Senior Economist Emeritus