Economic Growth

Don’t Listen to De-growthers — Economic Growth Is Healthy!  

“The wealthier we are, the easier it is to tackle the ‘hard’ health issues. ” ~ Vincent Geloso

Continuing to Get Straight the Facts About the American Economy

“Despite governments at the local, state, and federal levels all obstructing, in various ways, the process of entrepreneurial wealth creation, the robustness of the American economy continues to impress.”

Two Cheers for Gramm and Solon

“Excessive government spending makes us less productive than we otherwise would be, resulting in a permanently lower level of employment and output.” ~ Alexander W. Salter

Economic Growth Makes Graceland Less Impressive

“The real ‘capitalist achievement,’ however, isn’t Graceland. It’s the fact that compared to the stuff of the average person’s day-to-day life in 2023, Graceland just isn’t that impressive.” ~ Art Carden

Modern Mercantilism: A Case for Free Trade

“Global free trade helps both consumers, via lower quality-adjusted prices, and taxpayers. Walking into a Walmart to buy goods I want for dollars I earn at work does not leave me, or the nation, worse off, even if those goods originated in another country. ” ~ Stefan Bartl

Coronavirus and New Hope

Economic Growth Doesn’t Cause Inflation. Here’s Why

“It’s important to get the basic economic relationships right when discussing monetary policy. Economic growth isn’t inflationary. Journalists and central bankers should stop saying otherwise.” ~ Alexander William Salter

Good News, the World Is Getting Better

“Climate change fear is causing life-changing anxiety. You might be hearing nothing but bad news, but that doesn’t mean that you’re hearing the full story.” ~ Bjorn Lomborg

An Image Worth 10,000 Words: A Review of Superabundance

“Pooley and Tupy find that every one-percent increase in population corresponds to a roughly one-percent decrease in the time-price. This formulation is elegantly simple and conveys the crucial point that population growth is good.” ~ Vincent Geloso

Industrial Policy? Try Competition and Entrepreneurship Instead

“The entrepreneurship-plus-competition path to a broader-based American economy in a post-Covid world requires humility about what governments can reasonably do if the goal is to promote diversification of the U.S. economy.” ~ Samuel Gregg

Can the U.S. Economy Grow Without Immigration?

“While immigration isn’t necessary for U.S. growth so long as the American people are free to exchange with the rest of the world, the rest of the world’s inhabitants would likely be more productive if they worked in the U.S. In short, prosperity made great by work divided globally would be quite a bit greater if more of the work was divided up by those people in the United States. That’s really something to think about.” ~ John Tamny

Lockdowns Have Depleted Capital in All Forms

“Outside of a major war, it is hard to recall a time when government policies have so seriously roiled business practices, economic structures, and personal lives as much as lockdowns have, not only in the US but all over the world. The consequences will be felt for many years in the future.” ~ Jeffrey Tucker