Why Is The “Cost of Living” In Cities So High?
by Robert Murphy via Mises John Cochrane has an entertaining and informative blog called “The Grumpy Economist,” offering insights centered in the Chicago School approach that nonetheless will resonate with the Austrian reader. However, in a recent post Cochrane erroneously claimed that people living in high-rent areas of California were effectively using a different currency than other Americans. This type of loose … Read more