Divide the S&P500 by the price of oil -> what do you get? -> the value of production capital (shown by the S&P 500) at the prevailing price of energy has, since 1900, risen by an average 1.3% a year.
research.gavekal.com/article/prices… https://t.co/qBRGnJ2Vvm
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…