Category: economy
-
subtle inflation
Over time, industries become more efficient. The industrial revolution represented a surge in this efficiency via the transition from human manufacturing to machinery, and industries continue to advance evermore. This increase in productivity should result in lower prices to the consumer. If the industrial efficiency of a product improves by 5% per year, this should…
-
promoting freedom and good
There are a few basic theories on how to promote freedom and good for those suffering in the world (many of us). One theory is to do work to help ease the burden on, say, the tired and poor, by working alongside them and/or working to share earnings with them by way of charity. This…