My posts don’t normally get into politics. I do point out problems caused by Big Government, and warn people to be on guard against expanding government, but I don’t normally get into the D versus R thing. However, in this post I will discuss the fact that Democrats keep calling Trump a totalitarian. They claim … Continue reading Who is Totalitarian?
People have become tremendously more prosperous over the past two centuries, at least those who live in countries that practiced something like free-market capitalism for a sustained period. In my last post, we looked at how incomes have grown in different parts of the world. In this post, the time machine will take us back … Continue reading Prosperity Time Machine (2 of 2)
I think one reason some people don’t appreciate free-market capitalism is that they take prosperity for granted. They don’t really notice how prosperity has improved over the decades, so they don’t really think about how it happened. This is somewhat understandable. The slow unfolding of events over decades and centuries makes it difficult for anyone … Continue reading Prosperity Time Machine (1 of 2)
The growth rate of the US economy has been in the news recently, for a couple reasons. First, economic growth in recent years has been lower than the historical average of roughly 3%. This has led some people to predict low growth as the new normal. Second, the budget released last week by the Trump […]