They can justly reply that at least they know the difference. It matters a lot for those involved in the housing and investment markets.
Read MoreDo Economists Know the Price of Everything and the Value of Nothing?

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They can justly reply that at least they know the difference. It matters a lot for those involved in the housing and investment markets.
Read MoreSo claims Niall Ferguson, professor of history at Harvard.
(These are notes prepared for a Radio New Zealand ‘Nights’ Pundits conversation with Bryan Crump. Tuesday 12 December 2017.)
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