Mark Perry does a great chart that illustrates the relative changes in the nominal prices of a variety of products and services. What is the difference between growing abundance and growing scarcity? In a word, government. Read More ›
Escaping grinding deprivation has been the aspiration of humanity since the dawn of time. Now that many of the planet’s peoples are blessed with sufficient means of survival — and some with plenty — a trendy narrative threatens to turn the dream into a nightmare. Read More ›
The quantity of things is important, but it’s the value of things that count. And value can change as fast as people can change their minds. Read More ›
