Gale Pooley

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The Good Old Days Were Really Expensive

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 ›
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the interior metal manufacturing the view from the top
the interior metal manufacturing the view from the top

Progressive Gloom Ignores a Marvelous Historical Economic Measure

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 ›