▼ Show Notes
I discuss the economy in this week’s episode. This episode focuses on issues that are important to individuals and families. This practical discussion reveals patterns in the economy that might not be obvious to you. My hope is that this information will assist you as you think about and prepare for the economic future.
The Diamond-Water Paradox
The diamond-water paradox is part of my discussion in this episode. This paradox teaches an important lesson on value, and it is an effective tool for understanding the “invisible hand of the market.”
I explain price equilibrium, supply and demand, and other tools that might be constructive toward a clearer understanding of the economy in this important update. I dive into the economic indicator weeds and attempt to provide clarity by explaining the data.
The Impact of Debt
I also explain the impact of debt and our current interest rate environment. I review price and wages changes in an effort to explain the reasons we are all feeling like the economy is not as strong as we are being told that it is.
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