This wonderful video was produced by John Papola who produced the Fight of the Century (Hayek v. Keynes) videos with Russ Roberts. Here he gives us a Christmas gift on the fallacy of consumption as the road to wealth and prosperity. Enjoy!
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Retail sales figures from the Census Bureau reported modest increases for the month of July: U.S. retail and food services sales for July … were $390.4 billion, an increase of 0.5 percent (±0.5%) from the previous month, and 8.5 percent (±0.7%) above July 2010. Total sales for the May through July 2011 period were up [...] |
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