creative destruction Archives - Emile Woolf writes

The fallacy of job creation

DEBUNKING ECONOMIC MYTHOLOGY – PART 4 My colleague Steven Spencer has reminded me of an anecdote relayed by the owner of a brand new Corvette sports car. A bystander speculated: “I wonder how many people could have been fed with the money that sports car cost?” The owner replied: “ I really don’t know the answer to […]

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