Tag: economic growth
Botswana: a triumph of capitalism in Africa
November 12, 2021 | Post
By embracing capitalism, Botswana went from one of the poorest nations in the world to one of the fastest growing economies.
Did big government make us rich?
July 11, 2017 | Post
Why are Western countries like the United States and Germany so much richer today than other countries around the world?
Why we should celebrate capitalism and consumerism, at Christmas and all year
December 22, 2016 | Post
Last Christmas, Pope Francis criticized holiday consumerism, saying that ours is “a society often intoxicated by consumerism … wealth and extravagance.”
To understand why this sort of critique is mistaken, and why consumerism and capitalism deserve our love at Christmastime and throughout the year, we need to go back to basics.
Would you give up the Internet for a million dollars?
December 8, 2016 | Post
Would you give up air travel for $100,000? What about foregoing automotive travel for $500,000? Why or why not?
Reasons to be optimistic
October 17, 2016 | Post
Beneath the surface there’s a lot of progress occurring that should make us all feel a little more optimistic about the future.
Markets Are Breaking Down India’s Caste System, Turning Untouchables into Millionaires
September 10, 2016 | Post
Once liberal reforms were put in place, they created choice and opportunity for many like never before. Market forces unwittingly brought about economic and thus social progress for India’s poorest and most discriminated against.
Nintendo's Rebooted NES Console a Nostalgic Reminder of Our Economic Progress
September 8, 2016 | Post
Adjusting for inflation, that a regular NES and 30 games would be about $2450 in 2015 dollars. And we can get all that today for $70. That’s a 97 percent price decrease without adjusting for quality
The Death Star: Building It, Not Destroying It, Was the Catastrophe
December 23, 2015 | Post
You might have come across this recent article which argues that destroying the Death Star in Star Wars would have economically crippled the galaxy. There are a number of problems with the article, as Janet Neilson at the Foundation for Economic Education points out. The three major causes for concern are: Mistaking the cost of […]