Source: Free Association
by Sheldon Richman
“The long-run trend has been this: necessities and an array of luxuries (which have become necessities) are spectacularly cheap by historical standards. This is seen clearly in terms of the time price of goods. Governments, of course, have kept the trendline from being smooth. In a thousand ways, politicians and bureaucrats impede the general fall in prices.” (07/31/26)