Source: EconLog
by Art Carden
“With the holidays upon us, what could be better than Christmas movies? And Christmas songs? And Christmas movies with great Christmas songs, like ‘Silver and Gold’ as sung by Burl Ives in Rudolph, the Red-Nosed Reindeer? And of course, there’s the profit-seeking entrepreneur-prospector, Yukon Cornelius, obsessed with finding silver and gold. If silver and gold are so great, why don’t we use them for everything? Silver conducts heat and electricity more efficiently than any other metal. Why don’t we wire our houses with it? Make electric stoves out of it? Or why don’t we do these things with gold?” (12/23/25)