Is economic growth inflationary? Many economic and political commentators think so. Nick Timiraos of the Wall Street Journal, for example, writes that “easier financial conditions [loose monetary policy] stimulate spending […]
Tag: Economic Growth
Good News, the World Is Getting Better
It’s easy to believe that life on Earth is getting ever worse. The media constantly highlight one catastrophe after another and make terrifying predictions. With a torrent of doom and […]
An Image Worth 10,000 Words: A Review of Superabundance
The idea that economic freedom defined by secure property rights, a limited government, free trade and free commerce, mattered to economic development and growth was never an unpopular idea in […]
Industrial Policy? Try Competition and Entrepreneurship Instead
One of the most significant economic achievements of the past fifty years has been the radical diminishment of extreme poverty. Between 1990 and 2018 alone, those in extreme poverty (defined as someone […]