Natural Resources
J.D. Tuccille | 4.22.2024 8:05 AM
If you're looking for further evidence that the world is recovering from the disruptions of pandemic policy, the Simon Abundance Index provides just that. After a brief retreat, the index once again portrays a world of cheaper commodities that contribute to human prosperity. Born from a famous 1980 bet between economist Julian Simon and doomsayer Paul Ehrlich, the index stands as testimony for Simon's belief that the greatest resource is human ingenuity—although government intervention is perfectly capable of screwing up a good thing.
"After a sharp downturn between 2021 and 2022, which was caused by the COVID-19 pandemic, government lockdowns and accompanying monetary expansion, and the Russian invasion of Ukraine, the SAI is making a strong recovery," according to Marian L. Tupy of the Cato Institute. "Since 1980, resource abundance has been increasing at a much faster rate than population."
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J.D. Tuccille is a contributing editor at Reason.
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Julian Simon Was Right: Ingenuity Leads to Abundance
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22.04.2024
Natural Resources
J.D. Tuccille | 4.22.2024 8:05 AM
If you're looking for further evidence that the world is recovering from the disruptions of pandemic policy, the Simon Abundance Index provides just that. After a brief retreat, the index once again portrays a world of cheaper........
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