“Could all historians (and economists) please just turn their attention away for a short moment?! ” asks Der Spiegel’s Guido Mingels, as he reflects on the evolution in the costs of making light work through the ages (spoiler alert – it appears deflation is a ‘good’ thing).
Let’s talk straight: All man had achieved before 1800 isn’t really worth mentioning. Easy peasy stuff. For thousands of years nothing really happened.
These days, you visit a museum and are expected to marvel at an ancient plow or a knight’s armor, when back then they didn’t even have electric lighting. No switch, anywhere!
This post was published at Zero Hedge on Aug 7, 2017.
Follow on Twitter
Recent Comments