Tag Archives: Economic Theory

We Are Headed Towards Free Energy

OK. Maybe not, but the calculus is moving markedly in that direction:



But what about night time? What about places that don’t get much sun?

The ever-increasing supply generated from solar power will lessen demand for all other sources of energy, thus reducing their cost.

“But Paul, how can you be sure of this?”

Me: “Will the sun rise tomorrow?”

There you go.

Also, cheaper solar power makes projects like this more and more feasible:

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You Are Not Entitled to Demand, or How to Run a Successful Garage Sale…

In this brief post, Seth Godin hits the nail on the head: “nothing works without demand”.

LINK: Supply & Demand

The fact that you have something does not make it desirable. You have to find a way for someone to want to buy it. That is why billions are spent on advertising.

I do, however, take issue with his comments on garage sales. They can be the very epitome of capitalism and demand fabrication.

garage sales

A ‘garage sale’ is when you round up items that you no longer find necessary and put them on display on your front lawn in an attempt to sell them to passers by. They are called ‘garage sales’, because most of the items tended to be relegated to the garage before being mercifully put up for sale.

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Has the London Luxury Property Bubble Burst?

A couple of weeks ago, I was invited to London, England to participate in Citywire’s round table discussion about global equity funds.

The discussion took place at The Four Seasons Park Lane, one of London’s poshest addresses. As we were having lunch, we began to talk about London’s egregious property prices. Someone mentioned that it was fairly typical for people working in London to spend 60% of their salaries on housing expenses. This took me somewhat by surprise. I knew that London housing costs were very high, but I figured that salaries were commensurately elevated. Evidently not so. Moreover, it turns out that many skilled foreign workers who head to London to further their careers come to decide that their overall quality of life was far better back at home, and decide to return.

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