More on Repealing the Laws of Economics
About this episode
Howard Marks discusses the implications of governmental intervention in economies and the importance of free markets.
In his latest memo, Howard Marks discusses the implications of governmental intervention in economies. Considering examples such as rent control, fire insurance, and tariffs, he emphasizes that while free markets don’t produce perfect solutions, efforts to control them often make things much worse. He argues that when allowed to function, the laws of economics create prosperity through incentivizing innovation and productivity. He also touches on the U.S. fiscal deficit, questioning how much longer the government can continue spending more than it takes in. You can read the memo here (https://www.oaktreecapital.com/insights/memo/more-on-repealing-the-laws-of-economics).
More episodes of The Memo by Howard Marks
- What's Going on in Private Credit?
- Reflections on Oaktree Conference 2026 with Howard Marks
- AI Hurtles Ahead
- Is It a Bubble?
- Cockroaches in the Coal Mine
- A Look Under the Hood
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