2min chapter

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Rationally Speaking #236 - Alex Tabarrok on "Why are the Prices So D*mn High?"

Rationally Speaking Podcast

CHAPTER

What Does Secular Mean in This Context?

It's a very natural intuition to think that progress means prices should fall. And so it's weird and perplexing when stuff gets more expensive, he says. Part of what the book or the booklet is about is actually the challenge, this common wisdom and to say actually all real prices cannot fall. What we are hoping to see cannot in fact happen. Over time, you must see some prices rise.

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