This is why we have a new tech bubble: everyone is scrambling for somewhere to put their money, but none of them are willing to put it in the hands of consumers, which is the only place it will do any good.
This is why people are buying Treasuries like they're crack. Elasticity approaches zero when there is no substitute good.
This is why we have a new tech bubble: everyone is scrambling for somewhere to put their money, but none of them are willing to put it in the hands of consumers, which is the only place it will do any good.
This is why people are buying Treasuries like they're crack. Elasticity approaches zero when there is no substitute good.