Wealth & Poverty Review | Page 3

yellow bananas
bananas grapes
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Visualizing Global Resource Abundance

Think pizzas. Personal resource abundance is the size of the slice. Global resource abundance is the size of the pie. Global resource abundance is the product of the size of the slice multiplied by the size of the population. Read More ›
begging-hands-stockpack-adobe-stock
Begging hands
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Generous Donation Gone to Waste on Bad Homelessness Policy

Seattle civic and business leaders have announced a $10 million collaborative effort to tackle the downtown chronic homelessness problem. “It’s the beginning of some good news,” Mayor Bruce Harrell declared when they announced the financial donation. Read More ›
top-down-view-of-claw-hammer-and-rusty-nails-on-a-plain-wooden-background-stockpack-adobe-stock
Top down view of claw hammer and rusty nails on a plain wooden background
Top down view of claw hammer and rusty nails on a plain wooden background

Nailing Innovation

Professor Daniel Sichel from Emory Riddle University has published an interesting paper on nails. He found that before the Industrial Revolution, it took about a minute for a skilled blacksmith or nailsmith to produce one hand-forged nail. Today, a worker can produce 3,500 nails per minute. Read More ›
young-men-taking-drugs-scaled
Young Men Taking Drugs

Biden Administration’s ‘Free Crack Pipe’ Scheme Hurts the Homeless and Harms Society

President Joe Biden should change his name to “President Woke.” In the newest example of his administration’s hard-left governing philosophy, they planned to offer nonprofit organizations federal grants to give drug paraphernalia to addicts, an idea that goes under the name of “harm reduction.” Read More ›
drug-abuse-with-people-sharing-the-same-syringe-stockpack-adobe-stock
Drug abuse with people sharing the same syringe
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Crack Pipes and Free Needles

Every well-intended public policy taken to an extreme leads to misery and dysfunction. A case in point is the Washington Free Beacon story on $30 million grant for “safe smoking” kits. According to the story, a Department of Health and Human Services spokesman said the kits would include pipes for users to smoke crack cocaine.” Read More ›
getting-knowledge-and-solving-problem-logical-idea-concept-connecting-last-jigsaw-puzzle-piece-stockpack-adobe-stock
Getting knowledge and solving problem. Logical idea concept. Connecting last jigsaw puzzle piece.
Getting knowledge and solving problem. Logical idea concept. Connecting last jigsaw puzzle piece.

Wealth Is Knowledge

The stock-market carnage came fast and furious, wrecking GameStop -like memes and get-rich-quick crypto schemes and cracking SPACs. The ringleader, Robinhood, fueled by stimulus checks, is a good proxy for the excess. Its stock is down almost 80% from its August peak. It is a fine time to ask: What is wealth? Read More ›