Transcontinental flights were once a luxury. Now they are affordable for almost everyone. Free-market entrepreneurial capitalism isn’t about making more luxuries for the wealthy, it’s about making luxuries common for the average person. Read More ›
We buy things with money but pay for them with our time. Money prices are expressed in dollars and cents, while time prices are expressed in hours and minutes. A time price is simply the money price divided by hourly income. Read More ›
Government heavily subsidizes demand and restricts supply in higher education. We should not be surprised when this translates into much higher prices. Read More ›
Remember it’s not how expensive things are, it’s how affordable they are that counts. To measure affordability we must compare prices to wages. Read More ›
When Maher claimed that we are running out of water, Elon replied that “Earth is 70 percent water.” Maher shot back that “you can’t drink that.” Musk calmly replied that desalination is “absurdly cheap.” Read More ›
In “Life After Capitalism,” George Gilder, citing Marian L. Tupy and Gale L. Pooley in the Cato Institute’s volume “Superabundance,” writes that “between 1980 and 2022, workers have been able to buy some 300 percent more goods and services with their hours and minutes.” The secret sauce is applied knowledge. Read More ›
Discovery Institute is pleased to announce that Senior Fellow Gale Pooley is the recipient of the 2023 Julian L. Simon Award along with Marian L. Tupy, a senior fellow at the Cato Institute's Center for Global Liberty and Prosperity. Read More ›
Ronald Reagan said “There are no limits to growth and human progress when men and women are free to follow their dreams.” In Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet the Cato Institute’s Marian Tupy and Brigham Young professor Gale Pooley make a cogent, empirically-grounded case for Reagan’s full-throated optimism. Read More ›