Mark Perry does a great chart that illustrates the relative changes in the nominal prices of a variety of products and services. What is the difference between growing abundance and growing scarcity? In a word, government. Read More ›
On Monday, John Stossel featured Superabundance in a video titled "The Scaremongers Are Wrong," encouraging people to ignore the apocalyptic messages from climate activists and have more babies. Elon Musk reposted the video. Read More ›
Researchers at UC Davis have documented the tremendous growth in yields for strawberries in California. Genetic gains from breeding and production advances increased yields by 2,755 percent from the early 1960s. The strawberry joins wheat, rice, and other staple crops of the Green Revolution. 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 ›
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 ›
