Beware the Roaring Twenties
by Jeffrey R. Kosnett, Senior Editor, Kiplinger's Personal Finance
Jan 30, 2020
2 minutes
It's the new Roaring Twenties, so let's call up an authentic voice from the last such era: Thorstein Veblen, an economist and social critic who coined the phrase "conspicuous consumption." Veblen's most enduring observation is that the more something costs, the likelier wealthy people or status-seekers are to buy it. Economists call such baubles Veblen goods. And today they seem to be plentiful in
You’re reading a preview, subscribe to read more.
Start your free 30 days