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We Discover Through Trade
Markets work because people are always experimenting. Profits and losses help us learn what works and, importantly, what doesn’t.
Jan 12
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We Pay For Value Not Effort
Costs don’t determine prices. Consumers’ willingness to pay does. Value flows from the consumer backward to producers and guides what gets made and how.
Jan 5
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We Don’t Set Prices, We Discover Them
Prices are signals, not just random numbers. They coordinate billions of decisions and help us cooperate without anyone needing to be in charge.
Dec 29, 2025
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We (Try To) Make What Other People Want
Supply reflects how producers respond to incentives, manage trade-offs, and adapt to what people value.
Dec 22, 2025
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We Let Each Other Know What We Want
Demand isn’t a number. It’s a reflection of what people value.
Dec 15, 2025
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We Decide One Step At A Time
Most decisions aren’t all or nothing—they’re about what happens next. Thinking on the margin helps you make smarter, more flexible choices.
Dec 8, 2025
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We Get Nothing For Free
Every decision comes at the cost of the next best alternative. Even if that cost is invisible.
Dec 1, 2025
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We Rank What Matters Most
Every choice you make reflects what you value most in that moment, but how much more you value one thing over another can’t be measured because it can…
Nov 24, 2025
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We Ask “Does It Work?” Before We Ask “Can We Do It Better?”
Before you fine-tune a process, make sure it actually works. Effectiveness comes first. Efficiency comes second.
Nov 17, 2025
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We Act Purposefully, Not Perfectly
People act with intention, but not always with precision. Understanding the difference helps explain why mistakes, surprises, and change are needed for…
Nov 10, 2025
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We Can’t Have Everything, So We Have To Choose
Scarcity forces choices. Economics begins with understanding how we prioritize what matters most when we can’t have it all.
Nov 3, 2025
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We Don’t Like The Same Things, And That’s Good
Value is in the eyes of the beholder. This allows people to trade and cooperate with each other, leaving each other better off.
Oct 27, 2025
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