4 ms·
The used car I purchased five years ago is worth as much today as it was back then, despite a tripling of its mileage. What's going on is rather astounding.
by adventured 5y ago
The used car I purchased five years ago is worth as much today as it was back then, despite a tripling of its mileage. What's going on is rather astounding.
- epistasis 5y agoWhat's interesting about this is that it seems that certain products are changing in price due to the bull-whip effect in supply chains. This is rather than the traditional form of inflation where it's a monetary effect of more money being in circulation. It's one of those times where viewing economics in terms of its steady state behaviors missed out on the true dynamics.
- sharkweek 5y agoI have a 2000 4Runner that has provided a nice return on investment from when I bought it 12 years ago!