Topic: Economic Growth

How Will America’s Borrow and Spend Politicians Pay for an Imperial Foreign Policy?

“Serious efforts to control deficits and debt will require a series of politically painful decisions. The only way to make such unpalatable fiscal sacrifices possible is to kill all the sacred cows, including the Pentagon.” ~ Doug Bandow

Messi is Moving to Miami: Who’s the Biggest Winner?

“Many would argue that this is problematic for the average fan who is not able to afford to pay for tickets. Is it fair that the die-hard fans, who have consistently been going to games, now face extraordinary costs to see Messi?” ~ Laura Arce

Global Well-being Inequality Is Falling!

“The Human Progress Index (HPI), amalgamates eight important indicators of well-being from 1990 to 2018: infant mortality, life expectancy, nutrition, deaths from outdoor air pollution, schooling, political liberty, internet access and GDP per capita.” ~ Vincent Geloso

America Needs More McJobs

“The market process allows low-skill people to specialize in what they do best while freeing up high-skill people who can concentrate their efforts on things they do best. Everybody wins, and in some small way, you have a part in every achievement by every bleary-eyed customer for whom you dutifully pour coffee on their morning commute.” ~ Art Carden

On the Mercantilist and Monarchial Origins of the Concept of the ‘Balance of Trade’

“Unlike a profit-seeking company, an economy doesn’t exist to maximize the amount of money it brings in, net of its costs, on sales of its outputs.” ~Donald J. Boudreaux

Economic Growth Theories Fall into the Dustbin of History (And That’s Okay)

“So, while prominent economists were spinning their unsatisfying theories and lamenting the vicious cycle of poverty, the world got better—on its own.” ~ Jane Shaw Stroup

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