The Memo by Howard Marks cover image

Shall We Repeal The Laws of Economics?

The Memo by Howard Marks

NOTE

No Free Lunch in Economics

The pursuit of political promises often disregards economic fundamentals. Politicians, regardless of affiliation, tend to make commitments that overlook the inherent costs and limitations of economic reality. Examples like Trump's tariffs and Harris's critiques of grocery pricing demonstrate a disconnection from realistic economic principles. It reinforces the idea that in economics, choices must be made and resources are finite, while political discourse frequently operates in a realm where costs seem irrelevant and promises appear boundless. This highlights the necessity for voters to critically evaluate the feasibility of campaign promises in light of economic truths.

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