Following up on the “Magic and Miracle of the Marketplace” post below, the chart above shows that the decline in prices over time has taken place for almost all manufactured goods, not just for electronics.  As a percent of consumer … read more >

NEW YORK TIMES — “As the founder of a successful offshore oil-rig engineering company, Mr. Ashok Khade is part of a tiny but growing class of millionaires from the Dalit population, the 200 million so-called untouchables who occupy the very … read more >

1964 Sears Christmas Catalog Here’s a seasonal holiday post from CD last year at about this time, and with a link today from Art Carden in a related post at the Mises blog: Pictured above are some color TVs from … read more >

Classic song, classic performance from Charles Brown: Brother Ray in 1979 at The Monastery Of Ettal in Germany:

Mortgage rates fell again this week to fresh record lows, according to data released today by Freddie Mac.  The 30-year rate fell to 3.91% (see chart above), the 15-year rate dropped to 3.21% and the one-year ARM is down to … read more >

From the Conference Board today: The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.5 percent in November to 118.0, following a 0.9 percent increase in October, and a 0.1 percent increase in September (see chart above). Says … read more >