Immigration to the United States directly affects the lives of millions of people every year, whether someone is seeking to visit, work here, or immigrate to join family members. Yet, reliable sources estimate the population of illegal immigrants in the United States to be as high as 11 million, demonstrating the ineffectiveness of current policies and the need for a new approach.


Scanning the pages of the newspaper on any given day, you’ll find headlines like the following.

“OPEC points to supply chains as cause of price hikes”

“Business groups warn of danger of takeover proposals”

“U.S. durable goods orders jump 3.3%”

“Dollar hits two-year high versus yen”

“Credibility of WTO at stake in trade talks”

“U.S. GDP growth slows while Fed fears inflation growth”

If this seems like gibberish to you, then you are in good company. To most people, the language of economics is mysterious, intimidating, impenetrable. But with economic forces profoundly influencing our daily lives, being familiar with the ideas and principles of business and economics is vital to our welfare. From fluctuating interest rates to rising gasoline prices to corporate misconduct to the vicissitudes of the stock market to the rippling effects of protests and strikes overseas or natural disasters closer to home, “the economy” is not an abstraction. As Robert Duvall, president and CEO of the National Council on Economic Education, has forcefully argued: “Young people in our country need to know that economic education is not an option. Economic literacy is a vital skill, just as vital as reading literacy.”

Understanding economics is a skill that will help you interpret current events playing out on a global scale or in your checkbook, ultimately . . .

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