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The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy
by
in a free economy, companies are disciplined in what they can charge by their competitors and by consumers’ willingness and ability to pay. In monetary terms, that means that businesses, in any industry, could only raise prices so
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“cynics are merely idealists with unusually high standards. Through”
― The Course of Love
― The Course of Love
“If something seems completely doomed, just give it a little more time. Worst case scenario, you get to be right. Just find out for sure.”
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“The individual who acts with bias engages with an expectation instead of reality. That expectation is assembled from the artifacts of culture: headlines and history books, myths and statistics, encounters real and imagined, and selective interpretations of reality that confirm prior beliefs. Biased individuals do not see a person. They see a person-shaped daydream.”
― The End of Bias: What the New Science of Overcoming Bias Teaches Us About Transforming Our Lives, Our Companies, Our World
― The End of Bias: What the New Science of Overcoming Bias Teaches Us About Transforming Our Lives, Our Companies, Our World
“We invented fire, repeatedly messed up, and then invented the fire extinguisher, fire exit, fire alarm and fire department.”
― Life 3.0: Being Human in the Age of Artificial Intelligence
― Life 3.0: Being Human in the Age of Artificial Intelligence
“None of us are getting out of here alive, so please stop treating yourself like an after thought. Eat the delicious food. Walk in the sunshine. Jump in the ocean. Say the truth you're carrying in your heart like hidden treasure. Be silly. Be kind. Be weird. There's no time for anything else.”
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Walter’s 2025 Year in Books
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