The price system is a constantly changing kaleidoscope that beautifully merges our subjective imaginations with the gritty realities of the physical world. It is the combination of mind and matter that yields an output – a simple number – that never lies.
January 4th, 2012 | The Daily Reckoning | 3 comments | ContinuedAll Posts Tagged With: "prices"
Does it End With the Bang of Inflation? Or the Whimper of Dying Prices?
Conventional wisdom holds that inflation will not be a lasting threat. The experience of the last quarter century is that short bursts of rising prices are soon replaced by another longish period of stable ones.
July 11th, 2008 | Bill Bonner | 4 comments | Continued
