Most investors want to do today what they should have done yesterday.
What's the single most important thing to learn from an economics course today? What I tried to leave my students with is the view that the invisible hand is more powerful than the hidden hand. Things will happen in well-organized efforts without direction, controls, plans. That's the consensus among economists. That's the Hayek legacy.
It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today. Our prosperity is linked inextricably to the maintenance of a strong world economy, an open international trading system, and stable global financial markets.
It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.
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