In this election year, for many the big issue is the economy. We’ve had a great stock market and strong employment metrics, but a resurgence of inflation due to the extraordinary injection of funding for Covid relief. Both parties claim, as they do every four years, that they are the key to a sound economy and “good times.”
Each of us must decide which candidate and party will deliver, but it’s important to not lose sight of how much global living standards have improved over the centuries. Economist Brian Wesbury offers a quick look at “three key metrics that highlight this progress.
These trends tell a powerful story of human progress, economic and otherwise..” While challenges remain, the data clearly show that, over the long run, the world has become a better place for billions of people”
People sometimes yearn for the “good” old days. They could not be more mistaken: you wouldn’t want to live at any other time.
