How Future Supply Moves Today's Prices
This week, Bob walks through three thought experiments to show how expectations of future supply changes ripple into present prices and production decisions in ways that purely mechanical monetary frameworks like MV=PQ can't capture.
Related:
How Can Mining Asteroids in the Future Make Us Richer Today?: Mises.org/HAP551a
Bob's 2008 Article on Oil Prices: Mises.org/HAP551b
Celebrate Murray Rothbard's 100th birthday with a free copy of Anatomy of the State. Get yours at Mises.org/HAPodFree
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.