Wealth & Poverty Review

the-dead-piggy-bank-lies-upside-down-on-coins-economic-crisis-decrease-layoff-job-fired-pay-cuts-low-cost-collection-stockpack-adobe-stock
The dead piggy bank lies upside down on coins, Economic crisis, Decrease, layoff, job fired, pay cuts, low cost, collection
The dead piggy bank lies upside down on coins, Economic crisis, Decrease, layoff, job fired, pay cuts, low cost, collection

Rich But Bankrupt: Entrepreneurs Make Us Wealthier While Government Money Managers Lead Us to Ruin

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 ›
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San Francisco's iconic bridge wrapped in fog as seen at night. Generative AI
San Francisco's iconic bridge wrapped in fog as seen at night. Generative AI

Doom Loop City

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“Capitalism’s Promise: Essentially Infinite Resources and Human Flourishing” with George Gilder and John Tamny

Watch the episode here. I’m talking in this episode with the upbeat and visionary George Gilder, one of America’s leading economic and technological thinkers, and the author of the groundbreaking books, Wealth and Poverty, Knowledge and Power, The Scandal of Moneyand now:  Life after Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of Money  Co-hosting with me is the equally upbeat and contrarian thinker John Tamny, founder of Parkview Institute, editor of RealClearMarkets and author of the recently published The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for a Crypto Revolution“ Life after Capitalism launches a new economic theory. A key theme of the book is that wealth is knowledge and that the difference Read More ›

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Innovative & Creative Idea - AI Generative
Innovative & Creative Idea - AI Generative

More Light Innovation

The cost of a 1600 lumen LED lightbulb has recently dropped by 25 percent. The new bulb also offers a great innovation. The problem with LED bulbs is that they come in five different shades. Feit Electric’s new light solves this problem by putting a switch on each bulb that lets you pick your preferred shade level. The energy to use this new lightbulb costs 17 percent more, or around 31 cents a year ($2.11 versus $1.80 based on 3 hours per day at 11 cents per kWh.) The new bulb will give you an hour of great light for less than 0.2 cents. Blue-collar workers are currently earning around $35 an hour in compensation (wages and benefits). One hour Read More ›

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wheat farm hill with wind mill
wheat farm hill with wind mill

State’s Climate Act Isn’t Worth Price We’re Paying

Washington state’s 2021 Climate Commitment Act (CCA), although high-minded in spirit, will do nothing to protect the state’s economy and environment from the effects of climate change. But what the CCA is already doing is burdening state residents and businesses with higher energy costs. Read More ›
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Illustration of a 70s kitchen. Stove, microwave. 70s furniture. Classic retro refrigerator. 70s design
Illustration of a 70s kitchen. Stove, microwave. 70s furniture. Classic retro refrigerator. 70s design

From 1979 to 2019 Finished Goods Became 761 Percent More Abundant for Upskilling Workers

35 consumer goods take 54.4% to 94.9% less time to earn the money to buy. Most of us begin our work life as unskilled workers. But we learn new skills every day and this allows us to upgrade to higher-paying jobs. In a word, we enjoy career mobility. This is why it is important to follow a person’s path through their economic life.  We create categories to divide populations into groups. Categories can provide useful demographic snapshots. Categories don’t change but people move through categories throughout their lives. This is why in many cases it makes more sense to look at individuals instead of categories. We talk about this issue here. We looked at the time prices of 35 finished goods Read More ›