Gentrification gets bad press. It would appear that the gentrifier (he who engages in gentrification) is a malign exploiter, a bully, someone who takes advantage of the weak and the poor. And these are the nice things said about him.
Contrary to the Austrian community’s former perception, we revealed value investing’s incompatibility with Austrian economics
The prices of goods are not set mechanically by some kind of supply-demand curves but by the goal-seeking choices of individuals.
Thanks to markets, our unchanging desires are being satisfied more and more effectively over time.
