Wealth & Poverty Review | Page 8

Man using cordless drill
Man using cordless drill

Cordless Drills on Sale: Buy One, Get 41.8 Free

Technically speaking, the first “cordless” drill was called a bit and brace drill invented hundreds of years ago. You can still buy one of these classics at Amazon for around $57. Read More ›
Elon Musk
U.S. AIR FORCE ACADEMY, Colo. -- Tesla Inc. Chief Executive Officer Elon Musk speaks with Lt. Gen. Richard Clark, Superintendent of the U.S. Air Force Academy, during the Ira C. Eaker Distinguished Speaker Presentation in the Academy's Arnold Hall on April 7, 2022 in Colorado Springs, Colo. (U.S. Air Force photo by Trevor cokley)

Elon Musk Gets an A in Econ. Janet Yellen Gets a D-

Elon Musk and Julian Simon are right. Janet Yellen and Thanos are wrong. More human beings create much more wealth for all of us to enjoy, if given the freedom to innovate by learning and discovering new valuable knowledge to share in free markets. Invest in people. We pay the highest dividends. Read More ›
yellow bananas
bananas grapes
Photo licensed via Adobe Stock

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
Photo licensed via Adobe Stock

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
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 ›