Economics - Q&A

As a kid, I used to wonder why poverty exists(I still do).Why can't the Govt just print more money and give it to them(I wish life was as simple as that).Never really got an answer to it until recently.Economics not just teaches you graphs & numbers but explains the deep mysteries of societies & Nations (The Rich-poor divide,supply-demand equations).

But I found economics too abstract and difficult to understand (At least the microeconomics which has been taught till now).I was also caught between theories of Nehruvian Socialism & free markets wondering if we did the right thing immediately post-independence (Wish we had opened up the economy much earlier than the 90's). Well to end the post , a famous joke by Harry Truman (US President after FDR).

Harry Truman said " Give me a one-handed economist! All my economists say, ''On the one hand… on the other.''