To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, that’s great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
For extra sad - what is economical is more intuitive bcs it’s not just a human skill, it’s a skill nature forces all species into in one way or the other.
‘Economics’ (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.
To be fair, economics is not intuitive. Half of it is built out of unicorn dust and human imagination. How else would bitcoin even exist? For those of you who are economists and love the money side, vs the behavioral side, that’s great, we need people like you to explain it to the rest of us.
I work with a real system that will still exist no matter what happens with politics or money, so it takes work, for me. That said, tariffs and inflation are not difficult concepts provided you simply take the time to learn.
I know someone who lost their job in December due to tariffs anticipation, and they were not alone in that group of layoffs. The effects are there even if you fail to learn the reasons.
For extra sad - what is economical is more intuitive bcs it’s not just a human skill, it’s a skill nature forces all species into in one way or the other.
‘Economics’ (the human science) however adds so many extra steps, scales, and logistics that is def not immediately intuitive (even in the simple cases when it is).
In both cases there is a certain element of future uncertainty so risk management is essential.
I’m of average intelligence so if I can understand it, so can they.
It’s not that complicated that when a company with thin margins has to pay a tax, they have to pay it on to consumers.
Your finance department doesn’t care about the difference between a more expensive part due to scarcity vs a more expensive part due to a tax.