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John Tamny: Ikea Reminds Us Falling Prices, Not 'Pricing Power,’ Cheer Investors

When Ikea founder Ingvar Kamprad died in 2018, he could claim a net worth of $58.7 billion. Kamprad's enormous wealth is unsurprisingly a rejection of the way in which media types explain wealth creation. To see why this is true, just Google "pricing power" in concert with "stock-price increase." Your computer will explode. Which is

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Posted: June 2, 2024 Sunday 10:00 AM