by Money Metals
GoldSeek
The Money Metals Midweek Memo celebrates its milestone 50th episode with host Mike Maharrey delivering an in-depth analysis of economic principles, investment trends, and the current state of the gold market.
This episode offers valuable guidance for navigating an increasingly volatile financial landscape.
The Economic Principle of Scarcity
Maharrey begins by highlighting scarcity as the cornerstone of economic thought. Scarcity reflects the reality that human wants are unlimited, but resources are finite. This fundamental principle underscores the necessity of efficiently allocating resources – a task Maharrey argues is best handled by free markets rather than central planning.