Prosperity Time Machine (1 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)

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Is 3% Growth Possible?

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 […]

Competition is a Close Shave

Economic freedom is the heart of free-market capitalism. Freedom and competition are significant reasons why capitalism provides greater prosperity. An April 5th Wall Street Journal article (Gillette, in Change, Shaves Prices by Sharon Terlep) provides an opportunity to discuss competition. The article describes Gillette’s situation as follows: “Gillette, which dominates the global razor business, has … Continue reading Competition is a Close Shave

Foundation #3: Why Capitalism Better?

Why is Capitalism Better? Why is free-market capitalism superior to Big Government? It boils down to two big words: dignity and prosperity. Free-market capitalism provides the average person with greater dignity and prosperity. There are many reasons why this is so, but the one overarching reason relates to freedom. Free-market capitalism allows individuals to keep … Continue reading Foundation #3: Why Capitalism Better?