Income drives the economy, not prices

Politicians and business leaders often make claims about why certain sectors in the economy are shrinking, such as the decline in U.S. manufacturing is due to robotics or trade with China. Such assessments are flawed, as ...

Mummified baboons shine new light on the lost land of Punt

Ancient Punt was a major trading partner of Egyptians for at least 1,100 years. It was an important source of luxury goods, including incense, gold, leopard skins, and living baboons. Located somewhere in the southern Red ...

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