superabundance

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Alarm clock and dollars, close up. Time is money. Gray alarm clock on money banknotes Dollars, concept of business planning and finance. Finance concept with alarm clock and money in jar
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We Should Measure Prices in Time

How can the laws of enterprise and business consulting diverge so significantly from the accepted wisdom of economic analysis and political rhetoric? More baffling, how is it that products are becoming simultaneously more expensive and more affordable? This paradox is possible because while we buy things with money, we actually pay for them with our time—not in dollars and cents but in hours and minutes of work. Read More ›
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Account photo of a luxury cruise ship sailing in the open sea at sunset
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Cruise Ship Billionaires

man holding a purse with money closeup
man holding a purse with money closeup
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Entrepreneurs Create Abundance. Bureaucrats Create Scarcity.

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 ›
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Strawberries In The U.S. Grew 2,755 Percent More Abundant Since 1960

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 ›
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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
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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 ›
Marian Tupy PragerU

Superabundance on PragerU

There are now eight billion people living on the planet. Is there enough room for all of us? Are we going to run out of food and other resources? Discovery Institute Senior Fellow Gale Pooley's co-author Marian Tupy, Senior Fellow at the Cato Institute, discusses their new book Superabundance and examines whether or not these fears are valid. His answer may surprise you. Read More ›