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Episode 040: Dr. Ed Yardeni, host Rick Ferri

Bogleheads On Investing Podcast

CHAPTER

Is Profits the Driver of Economic Prosperity?

Economist says profits tend to be the driver of economic prosperity. He argues that profitable firms hire more workers and expand their capacity. But those who are not doing so well have to retrench or sell off assets, he adds. "We're rooting for companies themselves to be prosperous"

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