Connect with us

Precious Metals

Bonus Quotation of the Day…

Bonus Quotation of the Day…

Share this article:

Published

on

This article was originally published by Cafe Hayek
(Don Boudreaux)

… is from page 38 of my colleague Bryan Caplan’s brilliant 2007 book, The Myth of the Rational Voter (original emphases; footnote deleted):

The root error behind 18th-century mercantilism was unreasonable distrust of foreigners [rather than the false identification of money with wealth]. Otherwise, why would people focus on money draining out of “the nation,” but not “the region,” “the city,” “the village,” or “the family”? Anyone who consistently equated money with wealth would fear all outflows of precious metals. In practice, human beings then and now commit the balance-of-trade fallacy only when other countries enter the picture. No one loses sleep about the trade balance between California and Nevada, or me and Tower Records. The fallacy is not treating all purchases as a cost, but treating foreign purchases as a cost.

precious metals

Share this article:

Precious Metals

Kinross Gold: BMO Lifts Targets On Buyback News

Kinross Gold (TSX: K) this past week announced that it is launching a new share buyback program, buying back $300
The post Kinross Gold: BMO Lifts Targets…

Share this article:

Continue Reading
Precious Metals

Meta’s Version of the Metaverse Is a Joke. But This Emerging VR Tech Holds Great Promise

Amid the economic chaos of 2022, investors have all but forgotten about VR and the once-promising metaverse. Since late 2021, Google search interest in…

Share this article:

Continue Reading
Precious Metals

Brand-New VR Tech Could Reignite Metaverse Stocks

Amid the economic chaos of 2022, investors have all but forgotten about VR and the once-promising metaverse. Since late 2021, Google search interest in…

Share this article:

Continue Reading

Trending