Oh dear. Charles Clover at The Daily Telegraph does not understand that when supply increases, prices usually fall - and so wins Tim Worstall's Economic Idiot Award IV. Here's the offending text:
The amount of farmland on the market has increased for the first time in three years, but the price of land is falling, the Royal Institution of Chartered Surveyors said yesterday.
Tim comments: "Masonic handshakes and lashings of ginger beer all round I think."
ouch!
the title :"Another economic idiot" is a little harsh, given most people are "economic idiots" these days
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The amount of farmland on the market has increased for the first time in three years, but the price of land is falling, the Royal Institution of Chartered Surveyors said yesterday.
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