Tag: FREE Foundation
Tag: FREE Foundation
In an article written by Martin Fridson in June, 2013, “Who are the Real Job Creators,” he stated: “True economic growth consists of a rise in the economy’s potential output. An increase in potential output, and by extension, bona fide job creation springs from two sources: (1) Population growth, which raises aggregate demand; and (2) Increased productivity.”
Most of the dollars are sent to Washington, D.C., and to state governments, making remote the possibility that local businesses will ever see any of those dollars.
The demands of the consumers determine the supply provided the consumer and the supplier maintain the ability to engage in voluntary transactions, the key to a free market economy.
The poor in the United States often own flat-screen TV’s, cell phones, automobiles, and other possessions deemed luxury items by the poor in other countries. Why is that? Why do the poor in the U.S. have a much higher standard of living than the poor in other countries?
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