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In 2 months we'll have the 40th anniversary of the Moon landing.
Can economists tell the American people how much they have lost on the DEPRECIATION of AUTOMOBILES since 1969? Americans went into debt for junk and our brilliant economists can't say what we lost on it.
Galbraith talked about PLANNED OBSOLESCENCE in 1959. Friedman said WHAT???
What does Sachs say about Net Domestic Product? Demand Side Depreciation doesn't exist in our economic theory.
Buy $2000 laptop lose $1500 in 3 years.
psikeyhackr 2 years ago