Economics need not be complicated. Here is a very short video that is so simple, even liberals and Messiahs should be able to understand the concept:
If you would like the more detailed view, here's a more dignified and detailed explanation. This one requires a superior intellect to understand...maybe like Joe Biden or Barney Frank:
Now for those seeking the graduate school coverage of the topic, such as the pointy headed intellectuals in our universities and think tanks, here's application of the principles to several specific situations:
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