Before building the beachfront homes of their dreams, the superrich keep tearing down perfectly good mansions.
Related Posts

Policy or Cudgel? A Trade Economist on Trump’s Hardball Tariffs.
In 2005, the economist Pietra Rivoli followed the production of a T-shirt from a cotton farm to a Walgreens to…

Bank Transfer Signals Syria Is Making Strides in Ending Economic Isolation
The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial…

Europe Is Spending Big on Defense. Will That Help Its Ailing Economy?
Leaders in Britain and the European Union are promoting the promise of economic benefits from increased military spending, but there…