Making sense of the latest economic policy touted by the Federal Reserve or the U.S. Treasury is an exercise in befuddlement. No doubt about it, the economics trade is overcome with an abundance of nonsense these days. This is no coincidence.
Whether it’s the next round of Quantitative Easing or asinine programs like ‘cash-for-clunkers,’ clear thinking has been removed from economic policy. How else can one explain all the boneheaded programs?
The late Henry Hazlitt said, “The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”
Here at Economic Prism, following the lesson of Hazlitt, we look to bring clarity to the muddy waters of economic policy. We do so, however, not by mere whim or impulse…but by passing economic policy through the rigorous view of several core ideas.
Much like a prism disperses light into a full spectrum that’s otherwise invisible to the naked eye…we view the economy through a prism of free market principles, limited government, and individual liberty. Peering through this prism we discover the longer effects of an act or policy, we find the consequences of that policy on all groups, and we distinguish truth from nonsense.
But that’s not all we do around here…we do much, much, more…
Here at Economic Prism we are selfish on your behalf. What we mean is, we’re always on the lookout for an investment opportunity that cannot be refused.
So as we go about our business, making sense of economic hokum, we also keep a keen eye on financial markets. What we look for are hints, clues, and inklings of major inflection points…market reversals that, in hindsight, should’ve been obvious from miles away. Moreover, we target investments that’ll exploit these broad market reversals…for these are the investments family fortunes are made of.
So take a look around. We hope you like what you see here, and that you will choose to join us in this endeavor. We believe you will find it extremely interesting, beneficial and valuable.