TOTM
Chaos Kills Coordination
Policy chaos doesn’t just make headlines; it fundamentally disrupts economic calculation and prosperity. Like a stone thrown into still water, chaos ripples through the economy in ways that are hard to see but that can be profoundly destructive to prosperity and growth.
Its effects also ripple outward: freezing investment, distorting prices, and disrupting the calculations upon which markets depend. When businesses and individuals can’t predict the basic rules of the game, economic activity is stalled in ways that compound over time.