Registration
 
All news
Top Stories
Editors' Picks
Stocks
Crypto
Economics
Currencies
Commodities
Business & Wealth
Market Voices
Ashutosh Sureka
Ashutosh Sureka

Wealth is not a fixed pie, Michael Shermer argues

Wealth is not a fixed pie, Michael Shermer argues
Common myths about economic basics

Michael Shermer challenges widespread misconceptions about economic concepts.

He argues that many people misunderstand basic economic principles, such as believing wealth is a fixed pie, markets are zero sum, or income is simply distributed. Shermer suggests these ideas are debunked by fundamental economics education.

Shermer has previously commented on specific market events, noting when SpaceX stock dropped to its opening price. He has also outlined personal finance strategies, urging saving and diversification while warning against promises of certainty or speculation in a recent post on practical decision making. These contributions add context to his commentary on economic misunderstandings.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

Editor's Picks for You

Trustee Founder Vadym Hrusha: The future of crypto payments belongs to AI agents
  • By Pavlo Kot
  • 11 hours ago
Trustee Founder Vadym Hrusha: The future of crypto payments belongs to AI agents
Editors' Picks
China’s crypto paradox: A booming market despite the ban?
  • By Alena Volkova
  • 18 hours ago
China’s crypto paradox: A booming market despite the ban?
Editors' Picks
Global Microsoft outage: What happened and how serious is it?
  • By Mikhail Vnuchkov
  • Yesterday
Global Microsoft outage: What happened and how serious is it?
Editors' Picks
All Editors' Top Picks

Latest Michael Shermer News

NVDA rebounds to $166 after opening lower, Michael Shermer notes
  • By Mykhailo Ihnatenko
  • Yesterday
NVDA rebounds to $166 after opening lower, Michael Shermer notes
Market Voices
#Michael Shermer
Michael Shermer: Tomorrow is a good day to buy Nvidia stock after price plunge
  • By Hanna Syniavska
  • 12.11.2026
Michael Shermer: Tomorrow is a good day to buy Nvidia stock after price plunge
Market Voices
#Michael Shermer
Bernie Madoff continued his scheme despite investigations, Michael Shermer notes
  • By Yulia Slavina
  • 22.10.2026
Bernie Madoff continued his scheme despite investigations, Michael Shermer notes
Market Voices
#Michael Shermer
All Michael Shermer News
  • Pavlo Kot
  • 11 hours ago
Trustee Founder Vadym Hrusha: The future of crypto payments belongs to AI agents
  • Alena Volkova
  • 18 hours ago
China’s crypto paradox: A booming market despite the ban?
  • Mikhail Vnuchkov
  • Yesterday
Global Microsoft outage: What happened and how serious is it?
  • Dmytro Kharkov
  • Yesterday
Meme stocks vs. memecoins: Same viral frenzy, different endgames
  • Anastasiia Chabaniuk
  • 12.11.2026
Better than Bitcoin? The coins that tried to dethrone the king
  • Daria Chernytska
  • 16 min ago
Scott Melker: Grant Cardone considers reducing real estate target and adding Bitcoin
  • Elena Nikulina
  • 21 min ago
Robin Brooks: Founders expect war to end in Q1 '27, oil near $75, dollar strength
  • Eugene Komchuk
  • 21 min ago
Sell index funds due to tech risk, George Noble advises
  • Ksenia Gerey
  • 25 min ago
Satoshi-era wallet transfers 75 BTC after long inactivity, Glen Gilmore notes
  • Hanna Syniavska
  • 26 min ago
Charles Gasparino: Concerns over Nvidia’s reported ties with Chinese groups may unsettle some market followers
Top News
  • Jainam Mehta
  • 4 hours ago
Goldman Sachs forecasts 19% return for Asian stocks in 2027
Goldman Sachs forecasts 19% return for Asian stocks in 2027
  • Sholanke Dele
  • 8 hours ago
Oil prices fall nearly 25% in a month despite Iranian tanker attacks
Oil prices fall nearly 25% in a month despite Iranian tanker attacks
  • Darina Pashchenko
  • 9 hours ago
Bitcoin plunges below $67,000 as crypto liquidations reach $656 million
Bitcoin plunges below $67,000 as crypto liquidations reach $656 million
  • Pavlo Kot
  • 11 hours ago
Trustee Founder Vadym Hrusha: The future of crypto payments belongs to AI agents
Trustee Founder Vadym Hrusha: The future of crypto payments belongs to AI agents
  • Ivan Andriyenko
  • Yesterday
Bessent warns Fed against aggressive rate hikes amid energy shock
Bessent warns Fed against aggressive rate hikes amid energy shock
Live News
  • Mykhailo Ihnatenko
  • Now
AMD stock faces profit-taking risk as AI momentum builds
  • Olga Shendetskaya
  • Now
Eurozone economy outperforms expectations, strengthening case for ECB rate hike
  • Anton Kharitonov
  • Now
EUR/USD remains under pressure as dollar strength threatens a drop to 1.1000
  • Mykhailo Ihnatenko
  • Now
Ethereum drops below $2,000: Can ETH recover amid $1.64 billion in crypto liquidations?
  • Pavlo Kot
  • Now
Indian authorities raid CoinDCX and Delta Exchange over suspicious crypto transactions
Who We Are
Business Solutions
For Users
TU News
Popular Sections
Disclosures
CONTACT US
Legal
We are in Social Media
© IAFT Ltd., 2010-2026 All rights to the website are owned by IAFT Ltd.,
Registration number - HE 336186
  • Risk disclosure:

    Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.

    That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.

  • Disclaimer:

    Traders Union (TradersUnion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it.

    Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.

  • Disclosure of advertisers and revenues:

    All the services on the Tradersunion.com website are free for you to use. Our team spends thousands of hours per annum researching brokers and gathering information about them to help investors all over the world to choose reliable companies and to avoid fraudsters.

    Indeed, the curating, sourcing, and organization of this process requires substantial financial investment by Tradersunion.com, which the website earns in the form of advertising payments. There are two types of advertising services on the website — direct advertising or partner (broker) participation programs. However, no services purchased by our partners shall affect the recommendations on our website, or our opinions, or ratings. Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

onepercentfortheplanet.org https://gdpr.eu/ GDPR World Association of News Publishers