Do You Want Your Free Market Back?

<p>Hello show notes readers!</p> <p>Welcome to another episode of Unqualified Advice. We ask some hard questions this week. Did all high school guidance counselors suck? Should Dan have been a Rabbi? What are the physics of the shaggy dog van from dumb and dumber in a torrential downpour? Listen in as we ponder these important questions, and join us in media res as Sean describes a duh moment he had while reading Howard Marks' September 2024 memo Shall we Repeal the Laws of Economics? We're pretty sure the answer is no, but why don't you join us and see what you think?</p> <p><strong>Companies Discussed</strong></p> <ul> <li>Oaktree Capital Management (Howard Marks)</li> <li>Uber</li> <li>McDonald's</li> <li>Taylor Swift (kinda a company?)</li> <li>StubHub</li> <li>Ferrari</li> <li>IBM</li> <li>Oscar Mayer</li> <li>Apple </li> <li>RadioShack</li> <li>Clarkson's Farm </li> <li>Anduril Industries </li> <li>Coca-Cola</li> </ul> <p><strong>Books Recommended</strong></p> <ul> <li> <p><strong>"The Psychology of Money"</strong> by Morgan Housel – Referenced during a discussion about the paradox of wealth and perception, specifically regarding people buying expensive items for external validation.</p> </li> <li> <p><strong>"The Comfort Crisis"</strong> by Michael Easter – Mentioned in relation to the idea of seeking discomfort to grow, and how modern life is often too comfortable.</p> </li> </ul> <p> </p> <p><strong>00:00</strong> Intro and Theme<br /> <strong>01:27</strong> Discussing Howard Marks and Some Serious Questions<br /> <strong>03:44</strong> Understanding Price Dynamics and Market Forces<br /> <strong>06:06</strong> The Role of Auctions in Pricing<br /> <strong>08:30</strong> Consumer Behavior and Pricing Perceptions<br /> <strong>14:26</strong> Pondering the Physics of the Shaggy Dog Van<br /> <strong>16:08</strong> Stated vs. Revealed Preferences in Economics<br /> <strong>22:09</strong> Did All Guidance Councilors Suck? Should Dan Have Been A Rabbi?<br /> <strong>26:39</strong> Zooming Out on Inflation & Zooming in on Tariffs<br /> <strong>32:33</strong> What Will "Made in the USA" Look Like Tomorrow?</p>