By far the majority of investors consider themselves to be buy-and-hold investors, married to the stocks and mutual funds they own throughgood times andbad.
That Austrians explain goodandbad times throughthe prism of inflation suggests austerity in outlook, but promiscuity in action whereby modern theorists redefine the meaning of a word.
Drugmakers can synthesize 10, 000 new chemicals before finding one that can slip harmlessly throughthe body and disable one bad protein without disturbing good ones.