Tag: Equilibrium Compatibility
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An important question to ask yourself when investing
You might have heard the news that stock price indexes are hitting record highs. So, many people are asking: is now the time to sell or is now the time to buy? My goal in this post is to explain why that is the wrong question and that the answer to the better question depends…
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Three Quotes that Define True Education Success
As students return to classrooms, it is good time to think about what is worth learning. Many facts could be learned but, if that were the goal of an education, graduation ceremonies should be replaced with trivia contests. The real goal is wisdom, because wisdom overcomes ignorance and guides applications.
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Careless Economics: A Trillion Dollar Math Problem
On April 2, 2025, President Trump displayed a poster which listed countries and the “reciprocal” tariffs to be imposed on their imports quickly. Reporting by CNN and others shows that the numbers are justified by this formula. Many media noted how amazingly stupid this formula is. Arithmetic errors are embarrassing, if you are in Grade…
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Why All-You-Can-Eat Restaurants Survive and Thrive: Economic Insights
An all-you-can-eat restaurant seems like an obvious exception to the rules of basic economic logic, until you dig beneath the surface.
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Navigating Tariff Uncertainty using Inventories
People in Canada are thinking about the tariffs, retaliatory tariffs, reciprocal tariffs and threats of more from the US. There was a time before and, eventually, markets will adjust to the time after. The challenge is to manage the time in between. The media focus on layoffs and, until other buyers can be found, production…
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Economic Lessons Hidden in Popular Movies
The Oscars® are handed out on March 2, and, in many Canadian provinces, Spring Break for high school students is soon after. So, now is a good time to remember that some movies present important economic ideas entertainingly. Most movies do a bad job of conveying economic ideas precisely.
5 Basic Principles of Economics 