Thursday, March 24, 2011

Which Weighs More

It's always interesting to hear the "but we don't make anything anymore" argument when it comes to economic activity. But this article from the BBC (HT to Cafe Hayek) makes a case that can be summed up as “a dollar is a dollar is a dollar.” (Or a pound is a pound is a pound if you prefer.) Maybe the biggest concern is change. (See next post on "creative destruction." I was reminded of the great children's riddle, "which weighs more, a ton of bricks or a ton of feathers?"

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