What good are prices? Photo: Peggy Marco. Source: Pixabay. CC0 Price theory tells us that all we need to set prices is supply and demand. The market price is the place where producers make just enough of something to meet consumers’ demand. The theory is applied [...]
Is the market getting too risky? GameStop gift card. Photo: Doug Tengdin Everybody has questions about GameStop, Bitcoin, Tesla, hedge funds, and the daily volatility that keeps us on edge. Is this like the dot-com bubble? Is everything overpriced? And how can stocks be roaring when [...]
What kind of competitor are you? Photo: Alexas Photos. Source: Pixabay. CC BY-SA 2.0 When we watch sports, we see two types of games – winner’s games, and loser’s games. Winner’s games are exciting. They’re like the Super Bowl: lots of fast-moving action, dramatic decisions, incredible [...]
“Give me a lever and I will move the world.” Photo: Jon Hrusa, USAID Source: Pixnio. Public Domain That’s what Archimedes said when he was explaining the power of leverage. Leverage takes our strength and multiplies it. It makes it possible for small kids and big [...]
