You forgot an option: Home prices are determined by supply and demand. The housing market is neither too high or too low; it is precisely what the market can bear.

If homes are too expensive, then they will not sell. As long as someone is willing to pay the asking price for a home, then it is not too expensive.

Are Nashville homes over-priced for you? Perhaps. That does not make them over priced.

I'd highly suggest this book (which should be taught in all public schools around the 9th grade): Economics in One Lesson by Henry Hazlitt. Though published in 1946, the principles, theories, and lessons are just as valid today as they were then.

I recommend this book. Times have changed economics have not.

https://www.amazon.ca/Economics-One-Lesson-Shortest-Understand-ebook/dp/B003XT60KO

This is certainly a journey since there is so many sources out there and you will have find your own path. Here are two books that helped me.

I personally can really recommend Economics in one lesson to get you primed up in how to think economically and explains how economics affect every day things.

For investing I think Intelligent investor is good to show you how to think about investing and what to expect.

If you want to get some videos on how stuff works with calculations, have a look at Khan's academy. They do have several videos explaining the concepts of taxation and inflation with calculations. Just beware their political views are mostly on the left (I think) so this might play out in some of the videos.

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Queen in Exile is a good Sci-fi with plenty of neuroscience (implants in brains) you can download the first four chapters for free from Smashwords: https://www.smashwords.com/books/view/277673

Amazon sell it also (no hardcopy only Ebook).

As for economics it's not history but something everyone who wants to understand economics needs to read, it's called "Economics in one lesson" by Henry Hazlit

http://www.amazon.com/Economics-One-Lesson-Understand-ebook/dp/B003XT60KO/ref=sr_1_1?s=digital-text&ie=UTF8&qid=1364632086&sr=1-1&keywords=economics+in+one+lesson+by+henry+hazlitt

https://www.amazon.com/dp/B003XT60KO/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1

So if the farmer accidentally grows extra food and sells it, that's a free market and that's ok. If he intentionally grows more than he needs then he is a capitalist and that is bad?

The ability of that farmer to grow more than he needs and sell it to others is how wealth is generated. Everyone thinks it's having bags of money. But really it's stuff like this. If that farmer is able to grow more than he needs that means fewer people have to farm. If the farmer makes a profit that gives him an idea: "if I use this money to buy an ox, I can make even more money next year!" So the farmer can take the profit, and invest it in more capital goods like an ox to plow. Because the ox helps him plow the land quicker, he can plow a greater plot than before and produce even more food for everyone. The increase in production causes the price to drop. And everyone can buy his food with the money they've been earning doing everything but farming! Everyone is wealthier and better off for it. When you keep this going, you wind up wherever you are right now, with a phone or computer in front of you instead of a bull's ass.

That's capitalism. That's bad? Do you think we'd all be better off living on subsistence farms? Because if capitalism is bad, and the farmer should only grow what he needs and maybe a little extra, there would be no time for anything else. We would all be farmers by necessity.

Or maybe you think growing the extra food is good but we can't have this greedy farmer getting rich and exploiting his fellow man. So someone wiser than he must tell him exactly how much food to grow. And if that is what you believe I must remind you that is exactly how millions of people died of starvation in the USSR.

I'm sorry to tell you, you do not really understand the concept of a free market or capitalism and you definitely don't understand how the two are inexorably linked.

The free market is nothing more than free individuals making choices. Capitalism is using the wealth generated by a free market to drive prices down and therefore create even more wealth. When the farmer makes a profit buy selling more food to more people for less money, he does keep some of the money and he may even become richer than you or I individually. But we all benefit from the wealth generated in the process.

Please read this book:

Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics https://www.amazon.com/dp/B003XT60KO/ref=cm_sw_r_cp_apa_i_KgYqCb769G2J8

^The linked tweet was tweeted by @rogerkver on Jul 01, 2018 21:32:46 UTC (3 Retweets | 10 Favorites)

Actually this deal is a huge drain on the world’s economy. @theresa_may , please pick up an economics book.

https://www.amazon.co.uk/Economics-One-Lesson-Shortest-Understand-ebook/dp/B003XT60KO

#ArmedForcesDay2018 https://twitter.com/theresa_may/status/1012693895421890560

^^• Beep boop I'm a bot • Find out more about me at /r/tweettranscriberbot/ •

Sure they do. But central planning and government isn't going to get rid of them, in fact, it exacerbates them.

https://www.amazon.com/Economics-One-Lesson-Shortest-Understand-ebook/dp/B003XT60KO

Thank you for reading. There are so many good books about this stuff... ranging from the EXCEEDINGLY ACADEMIC and erudite to the terse and down to earth - I'd suggest starting with some of the easier reads, from the native English speakers who wrote on the subject. A really good place to start is Henry Hazlitt's <em>Economics in One Lesson,</em> which takes the approach of addressing mistakes in economic thinking, one common error at a time, and explaining why they are mistakes. There's a great series of economics lectures by Murray N. Rothbard available from the Mises Institute called Economics 101, which is not only educational, but great fun to listen to, and only $3! Many people get started in Austrian Econ by reading Friedrich Hayek's classic, <em>The Road to Serfdom</em>, which is less systematic than Economics in One Lesson, but still quite readable.

The deep end of that pool is a book called <em>Human Action,</em> by Ludwig Von Mises. It is widely considered to be the canonical reference for all things human action and exchange - his self-coined term: Praxeology - but it is really, really dense, and an enormous undertaking to read. Many very smart people misunderstand even the introductory sections wherein he is dealing with the epistemology and scope of the economic science, and justifying the use of deduction as a reasoning method, and then dismiss it out of hand, based upon some small translational error. I had to read the book out loud to myself in order to understand it (and even so, had to read many passages multiple times in order to be sure). So if you decide to venture into the deep end, be cautioned that patience and a willingness to ask questions will serve you better than a 140 IQ.

If, upon reading a few of these things, you find that you have a passion for it, then you should go to the library at mises.org, where you can find and enormous collection of really excellent tomes by authors such as Rothbard, Jean Baptiste Say, H. L. Mencken, Albert Nock, and others, all made available for free download if you don't mind reading them in PDF.

Oh, and if you want to see someone having fun with these econ concepts, you should have a look at this, and part two of the same thing.

Market within an economy can be a bubble when money printing and fiat debt is involved.

This is a great book explaining the common and very frequent economic fallacies, I recommend it.

https://www.amazon.com/Economics-One-Lesson-Shortest-Understand-ebook/dp/B003XT60KO

You might want to start here.

https://www.amazon.com/Economics-One-Lesson-Shortest-Understand-ebook/dp/B003XT60KO

Maybe by then you wont have your head so far up your own ass.

Compelling argument. I'll counter with, "Here's a book you and all of your comrades should read: Economics in One Lesson by Henry Hazlitt."