Another reason why focusing on inequality is flawed

I want to tie together two recent posts on the history of prosperity and economic inequality. The history of prosperity illustrates another reason why a focus on inequality is misguided. Historical norm was poverty For most of human history, almost everyone was poor by today’s standards. The graph below shows the percentage of world population living … Continue reading Another reason why focusing on inequality is flawed

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History of prosperity (2 of 2)

(This column is an edited repeat of one posted a year ago. I am reposting it because I have many new readers, and because this topic is important enough to repeat.) We have become tremendously more prosperous over the past two centuries, at least those who live in countries that have practiced free-market capitalism for … Continue reading History of prosperity (2 of 2)

US not the beacon of freedom you think

Historically, the US has been known as a beacon of freedom. Unfortunately, that reputation has become tarnished over the past ten to fifteen years. I’m referring to economic freedom, not political freedom. Economic freedom means that each person is free to work, produce, consume, and invest as they wish. This involves personal choice, voluntary buying … Continue reading US not the beacon of freedom you think