Posted tagged ‘Standard of living’

Walter E. Williams; Free Market Capitalism Produces A Higher Standard Of Living For Everyone.

December 25, 2012

Even though it is not planned by any particular person or group of people, the outcome of the free market process can be seen all around us in the incredible standard of living we enjoy. When our country’s main health problem is obesity and not malnutrition, and it seems that everyone owns a cell phone, we are rather well off as a country.

The main problem we face now and moving forward is, will we allow free market capitalism to continue to increase our standard of living, or because we don’t like how wealth is “distributed” as a result of this process, will we (more…)

We’re All Born In The Middle Of The Story.

November 30, 2012
The Passage of Time

The Passage of Time (Photo credit: ToniVC)

Each of us was born at a specific time on a specific day of a specific month in a specific year of a specific decade in a specific era of history. Having lived for fifty plus years, I look back at the numerous days, or five decades, or the few eras of history in which I have lived, and realize that you can’t break up time into these convenient measurements and look at them separately. They do not stand on their own. As Thomas Sowell said, “results observed at a given point in time may be part of a process that stretches far back in time.”

Most people think history started the day they were born. They give little thought, or have no understanding of how the world that existed the day they were born came to exist as it did. Where each person is, and what they are doing today, is the result of decisions made by them and other people, in the recent past and the distant past. An example of this is, (more…)