Saturday, December 31, 2022

Market Demand, Wide Scope, Short Ver.

Aggregate demand is the gestalt of the terminal goals of the market participants, weighted by how badly they want to satisfy the terminal goals of others (usually instrumentally rather than terminally) and whether they're any good at it. 

If you don't like what the market supplies, then you don't like humanity. 

Admittedly terminal goals are typically defined by the local religion, and it would be hard to come up with a more suboptimal local religion.

No comments: