edconway.substack.com/p/hang-on-are-there-any-lost-minerals/comment/82779224

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https://edconway.substack.com/p/hang-on-are-there-any-lost-minerals/comment/82779224

CESAR ALFREDO BARBERO on Material World

Maybe you should have read Julian Simon`s books: ultimate resource 1 and 2. He clearly told that in a market economy there is no way you could exhaust 100 % of the good, because the price will increase and a new, maybe more expensive than the old one, will be found. Funniliy enough, then the price could go down. J. Simon bet against P. Ehrlich (the crazy "ecologist") that ten resources chosen by Ehrlich will decrease in prize. And He won the bet. It happens to oil in the 2010`s, it happened with lithium in the last five years. Also show the folly of charging monopoly prices for something (like China is trying to do with rare earths), you will lose the monopoly and the markets.



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CESAR ALFREDO BARBERO on Material World

https://edconway.substack.com/p/hang-on-are-there-any-lost-minerals/comment/82779224

Maybe you should have read Julian Simon`s books: ultimate resource 1 and 2. He clearly told that in a market economy there is no way you could exhaust 100 % of the good, because the price will increase and a new, maybe more expensive than the old one, will be found. Funniliy enough, then the price could go down. J. Simon bet against P. Ehrlich (the crazy "ecologist") that ten resources chosen by Ehrlich will decrease in prize. And He won the bet. It happens to oil in the 2010`s, it happened with lithium in the last five years. Also show the folly of charging monopoly prices for something (like China is trying to do with rare earths), you will lose the monopoly and the markets.



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https://edconway.substack.com/p/hang-on-are-there-any-lost-minerals/comment/82779224

CESAR ALFREDO BARBERO on Material World

Maybe you should have read Julian Simon`s books: ultimate resource 1 and 2. He clearly told that in a market economy there is no way you could exhaust 100 % of the good, because the price will increase and a new, maybe more expensive than the old one, will be found. Funniliy enough, then the price could go down. J. Simon bet against P. Ehrlich (the crazy "ecologist") that ten resources chosen by Ehrlich will decrease in prize. And He won the bet. It happens to oil in the 2010`s, it happened with lithium in the last five years. Also show the folly of charging monopoly prices for something (like China is trying to do with rare earths), you will lose the monopoly and the markets.

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      Maybe you should have read Julian Simon`s books: ultimate resource 1 and 2. He clearly told that in a market economy there is no way you could exhaust 100 % of the good, because the price will increase and a new, maybe more expensive than the old one, will be found. Funniliy enough, then the price could go down. J. Simon bet against P. Ehrlich (the crazy "ecologist") that ten resources chosen by Ehrlich will decrease in prize. And He won the bet. It happens to oil in the 2010`s, it happened with lithium in the last five years. Also show the folly of charging monopoly prices for something (like China is trying to do with rare earths), you will lose the monopoly and the markets.

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