On the podcast recently, Tracy Alloway and I talked to Dan Sichel, an economist who recently completed a study that charted the price of nails going back to 1695.
The good news is that nail prices are, in fact, down substantially, from 1695. The bad news is that, like many other goods these days, they’ve gotten more expensive and harder to find over the last two years. Sichel, who in addition to being an economist is also a woodworker, noted in our conversation, that some construction sites had experienced a shortage — contributing to slowdowns.
