Mainstream economists oversimplify economic crisis - by Brandon Muncy

Almost every day you are being misled by most mainstream outlets. This is especially true in the realm of economics. Understanding America's current economic crisis can be achieved by understanding an economic concept whose importance is often overlooked in most schools of economic thought – capital structure.

The capital structure is essentially an array of all the machines, tools, pieces, etc. in an economy, which lead to the creation of consumer goods, reflected by consumer demand. Consumer goods are goods of the first order. Goods of a higher order are capital goods.

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