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The Interesting Lies of Samuelson: How We Naively Believed the Case of Giffen Goods

If economics has its Unicorn, it would be the Giffen Good, the good that would seem to defy the Law of Demand. While economists have played around with Giffen Good scenarios, in reality, finding it is even more unlikely than sighting a unicorn.
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Forcing AI companies to provide their own power doesn’t get at the root of the issue, which is that the resources we use to generate electricity are scarce.
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Apr 10, 2026 / Tyler Durden
Oil Price Shock Drives 140% Surge In China's EV Exports To Record High
Oil Price Shock Drives 140% Surge In China's EV Exports To Record High By Michael Kern of OilPrice.com, Chinese electric vehicle exports soared by 140% to a record high in March as the fuel price shock drove consumers back to EVs. BYD electric vehicles bound for export in China.Source: AFP/Getty Images China exported as many as 349,000 electric vehicles last month, a record high number of any month ever, according to data from the China Passenger Car Association cited by Bloomberg. Drivers in Asia Pacific, Europe, and the United States started searching for EVs...
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