“Evidence is always partial. Facts are not truth, though they are part of it—information is not knowledge. And history is not the past—it is the method we have evolved of organising our ignorance of the past. It’s the record of what’s left on the record.”

consumer sentiment is everything because it drives consumer spending, the central driver of GDP growth.

When we’re worried about the economy, we are usually worried about our own money.

I think that the price level and rate of inflation are indeterminate. They are whatever people think they will be. They are determined by expectations, but expectations follow no rational rules. If people believe that certain changes in the money stock will cause changes in the rate of inflation, that may well happen, because their expectations wil

Soros argues that highly valued companies that have attracted significant investments based on the expectation of their future profitability—often due more to narrative than to objective analysis—gain a critical edge in hiring and get the best talent in the field.

This discord between hard data and the lived experience is the core of the “vibes economy.”

It’s about understanding the whys and hows of our resource use—the choices we make in the corridors of legislation and regulation and in our everyday lives.

Economics can be seen as the ultimate tool for decoding our collective decisions.

“What goes too long unchanged destroys itself. The forest is forever because it dies and dies and so lives.”