To understand economics, he traveled to Wall Street, Albania, Sweden, Cuba, Tanzania, Hong Kong, Shanghai, and Russia (and I may have forgotten a few places) to see good and bad versions of free market and socialism. I think his press pass may have gotten him into some places that the regular Joe like you and me might not go, but his insights are spot on.
His last chapter is the best - he talks about four ways to spend money:
- Spend your own money on yourself
- Spend your own money on somebody else
- Spend somebody else's money on yourself
- Spend somebody else's money on other people
This book goes up there with Henry Hazlitt's Economics in One Lesson - it is a treasure. But be prepared for the vulgarity and frankness...