"Easy Money" is Neither - Part IV
Moneyball Book Review Analysis #10
On July 26, 2025, Forbes published a book review written by John Tamny of my book, The Moneyball Method. That review was also published on July 18, 2025, at RealClearMarkets.com. This brief essay will focus on a quote from the fourteenth paragraph of the Forbes review:
More realistically, producers decide what monetary forms circulate based on the not-so-insightful truth that they seek roughly equal amounts of product for the product they bring to market. Applied to equities, the very notion that owners of shares in the production of the world’s most innovative people would blithely exchange what’s precious for just any paper is silly.
As Part I of this series stated, wealth is created by producers – and in a complex division of labor economy, stored wealth that can be readily exchanged is money. Part II declared that money – meaning the owners of money, are not stupid. And Part III maintained that the money people exchange is determined by those who create wealth, invest for their futures and buy goods and services that are important to them.
Regardless of the “supply” created by government fiat, people will only accept what they know they can unload. Which brings us to the trader principle. Not only do traders only engage with willing participants, but these are mutually profitable relationships in which no one expects or delivers anything that is not earned. By that standard, money demands our best.
More important than the hubris of central bankers and their willing accomplices in university economics departments and State media is this unassailable fact from Chapter Four of my book: “Without earned profit there would be no government bonds, no central bankers, no government – and no life worth living.” Or as John Tamny wrote in his 2022 book The Money Confusion: “There are no companies and no jobs without investment first and when investors put wealth to work, they’re seeking returns in dollars.”
Earned profit is difficult and complex, yet we live in a culture that demonizes the profit motive and glorifies non-profits that are also profitable.
When this gains traction through social pressure, anyone who resists the popular ideas of ableism, determinism, and egalitarianism will be accused of colonialism, profiteering, cruelty, arrogance and fraud. The intention is to cancel debate and demonize profit because it is objectively good.
To learn more, please click the link below:
https://www.amazon.com/Moneyball-Method-Middle-Class-Manifesto-Objective/dp/1696009111/