Economics Learned: Mercantilism

A long time member and friend, Dinesh, of IAAM has asked: “What does the term ‘Mercantilist America’ mean? I heard some people saying we don’t want it to become that. Why the fear?!”
You can Google, search textbooks and even go to Webster’s dictionary for a complicated and perhaps unsatisfying answer. But, as I always try to do, here at IAAM, I’ll bring the understanding of Economic Theory and Fact to a position of better understanding. Economics ain’t tough! It really is common sense……