The Fallacy of “Buy Land — They’re Not Making Any More”
“Buy land -- they’re not making any more!” is an old investing chestnut, and a commonsense one to boot. Economically, it’s also completely false. (more…)
“Buy land -- they’re not making any more!” is an old investing chestnut, and a commonsense one to boot. Economically, it’s also completely false. (more…)
Credit indicators are important in the Austrian understanding of the business cycle. Today we’ll look at one of the more important: bankruptcies. First, why bankruptcies matter. It seems obvious -- bankruptcies come in bad times…
The job-threatening rise of the machines is an economically illiterate meme that refuses to die. We’re actually probably in the early stages of it, a bull-market in luddism, if you will. Bastiat’s Candlemakers Petititon answered…
One of the more interesting economic debates in the past couple of decades is why the economy is slowing down. Since 2000 per capita GDP growth in the US has been 0.9% per year (SRC:…
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