You should check out Macroeconomics by Mankiw. It's very short and sweet. You really shouldn't judge economics by a few articles aimed at lay audiences just as

You should check out Macroeconomics by Mankiw. It's very short and sweet. You really shouldn't judge economics by a few articles aimed at lay audiences just as you wouldn't try to learn about quantum mechanics from the NYTimes. Economics is filled with clever little insights that makes you go "Ahh!". I'll take the time to explain some of your complaints: "spending causes prosperity": well, obviously if you don't spend any of your money obviously you don't have prosperity. If you borrow money to spend economics assume that you are rational and that it is because you prefer having a good time now to later. This seems more like a value judgment though, which most economics tend to avoid. "conflation of trade deficits with indebtedness": well, if country A wants to consume something produced by country B, it can only do so in three ways: 1) give B something A produced, 2) give B a chunk of A (e.g., real estate) or 3) borrow from B. Since most countries don't like 2), trade deficits are settled using 3) Most economics will say that a higher savings rate will be beneficial in the long run but if people suddenly saved more because of government policy there will a aggregate demand shock and the economy will go into a recession since the price level cannot easily adjust in the short run. (When people save more they have less money to spend and thus all prices become "too high" for them.) Check out the book for more information. You will find that while economics may have flaws, it is internally self-consistent. It just doesn't take into account that most people are not rational :(.