Smith on Understanding Economics

When politicians and pumdits talk about "the economy", a great deal of attention is given to our government's and big businesses' spending. But how much, if any, do we as workers/citizens, whether employed or self-employed, contribute to overall spending, in comparison?

On the link below. Elm Smith of the Philadelphia Daily News gives us a brief "economics" course. Please prepare to make some notes.

Cheers!

G. Djata Bumpus
http://www.philly.com/dailynews/local/20081017_Elmer_Smith__Read_this_if_you_know_zilch_about_the_economy.html