2025 December BankNotes
Opportunity cost is probably the single most important concept in economics. Nash first mentions the term on page 23 of his book. This comes under the section “Creating Your Own Banking System.” Notice that he highlights it.
2022 May BankNotes
Cash flow really is king. It’s business 101. You can have a profitable enterprise, but if you have poor cash flow you can get yourself into financial trouble pretty quickly and even go broke. Liquidity is highly important,
especially in a recessionary environment, and must be watched constantly by the money manager at the steering wheel of a business.