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Walter Ullon
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The War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy
by
in a free economy, companies are disciplined in what they can charge by their competitors and by consumers’ willingness and ability to pay. In monetary terms, that means that businesses, in any industry, could only raise prices so
...more
“It’s not the rats who first abandon a sinking ship. It’s the crew members who know how to swim.”
― Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley
― Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley
“The Saturday Review declared that it is much easier to fix price ceilings than to make certain that there actually will be goods available at such prices. Once government fixes prices it is forced into the position of seeing to it that the owners of goods do not withhold them from sale and that manufacturers and farmers continue production. This amounts to nothing less than industrial conscription.”
― Forty Centuries of Wage and Price Controls: How Not to Fight Inflation
― Forty Centuries of Wage and Price Controls: How Not to Fight Inflation
“The individual who acts with bias engages with an expectation instead of reality. That expectation is assembled from the artifacts of culture: headlines and history books, myths and statistics, encounters real and imagined, and selective interpretations of reality that confirm prior beliefs. Biased individuals do not see a person. They see a person-shaped daydream.”
― The End of Bias: What the New Science of Overcoming Bias Teaches Us About Transforming Our Lives, Our Companies, Our World
― The End of Bias: What the New Science of Overcoming Bias Teaches Us About Transforming Our Lives, Our Companies, Our World
“We invented fire, repeatedly messed up, and then invented the fire extinguisher, fire exit, fire alarm and fire department.”
― Life 3.0: Being Human in the Age of Artificial Intelligence
― Life 3.0: Being Human in the Age of Artificial Intelligence
“Ask the questions you need to ask, admit without apology what you don’t understand, and do the work to learn what you need to learn as quickly as you can.”
― The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company
― The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company
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Walter’s 2025 Year in Books
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