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We Need More Than Headlines
Statistics are helpful summaries, but they offer limited explanations of how the economy is doing. It's better to focus on principles vs managing…
Apr 13
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We Can’t Outsmart The System
The economy runs on signals, not switches. The more we try to control outcomes, the more we distort signals that help people make good decisions.
Apr 6
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We Learn What Works By Trying
Entrepreneurs move the economy forward. They don’t follow a map. But they do spot new paths no one else may see and take a chance to walk them.
Mar 30
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We Are Uncertain If We Will Profit
Markets work because people try things. Sometimes they win, sometimes they lose. But, every outcome reveals what’s valuable and what isn’t.
Mar 23
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We Have To Pay For Time
Interest rates are the reward we get for delaying consumption now, and the price we pay to borrow from the future.
Mar 16
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We Must Invest In The Right Tools For The Job
Capital goods aren’t interchangeable. Growth depends not just on how much capital we have, but whether we’re using the right tools for the job.
Mar 9
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We Produce Now To Consume Later
We Produce Now To Consume Later
Mar 2
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We Grow By Producing, Not Just Consuming
We Grow By Producing, Not Just Consuming
Feb 23
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We Use Money Because We Both Want It
Money makes trade possible, but it isn’t wealth. Money is a tool that helps us exchange what we’ve created for what others have made.
Feb 16
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We Trade Because We See Value Differently
Voluntary exchange works because people value things differently. Those differences create opportunities for everyone to be better off.
Feb 9
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We Make Order Without Orders
Order doesn’t require control. Instead, order requires people to be able to pursue their goals, respond to prices, and adjust to others.
Feb 2
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We Are Best Off When We All Play To Our Strengths
Even if you’re great at everything, you’re better off focusing on what you do best, and letting others do the rest. Economists call this comparative…
Jan 26
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