The long‑run picture you’re drawing is the important one: abundance tracks knowledge, not atoms, and population growth expands the pool of problem‑solvers. The volatility in individual commodities just reinforces the mechanism. The index makes the underlying dynamic unusually clear.
The long‑run picture you’re drawing is the important one: abundance tracks knowledge, not atoms, and population growth expands the pool of problem‑solvers. The volatility in individual commodities just reinforces the mechanism. The index makes the underlying dynamic unusually clear.
RIP Paul Ehrlich.