Burdened with $34.5 trillion in national debt that is currently growing by $1 trillion every 100 days, the U.S. economy is headed for disaster. It falls on the next administration to change that trajectory while also introducing policies that increase and broaden economic growth and wealth creation for everyone. Read More ›
Life After Capitalism is full of new ideas with great potential to advance the study of economics out of its current stagnant ruts. Among other things, it may help bridge the cultural divide between business innovators and policy wonks. Readers will find new vistas and horizons in every chapter. Read More ›
Almost everyone has far more wealth due to technological advances than anyone had 30 years ago, yet their money balance sheets and that of most governments flirt with bankruptcy. How can this be? Read More ›
Without the innovation of TV, there would be no internet or mobile phones. It is a foundation technology for the age of knowledge discovery. Read More ›
If you’re really in favor of more abundant resources, then you really have to be in favor of people having the freedom to innovate, discover, share, and consume knowledge. Read More ›
Discovery Institute Senior Fellow Gale Pooley's new book "Superabundance" is officially released today. It tells the story of population growth, innovation, and human flourishing on an infinitely bountiful planet. Read More ›
Your perspective will determine what you see. If you compare yourself to someone today, you will always be a loser because it is easy to find people that are better off than you. If you compare yourself to people who lived in the past, you will always be a winner. Read More ›
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 ›
In 1910 you could buy a bicycle for $11.95 from the Sears Roebuck catalog. This sounds like a good deal until you realize that blue-collar hourly compensation (wages and benefits) was 18 cents an hour. This means that it would take 66.4 hours to earn the money to buy one bicycle. Read More ›
Enjoying a beautiful display has become 305.8 percent more abundant, growing at a compound annual rate of around 32.3 percent a year. If this trend continues, the 65 inch display in 2026 will cost around 16.77 hours of work. Read More ›