Wednesday, April 22, 2020

Prosperity and Production

"We're gonna give the people what they need, at prices they can afford to pay. And as fresh needs come up, we'll satisfy them to--with something new and even more exciting. And when we achieve that, we'll really start to grow. We're not gonna die, we're gonna live! And it's gonna take every bit of business judgment and creative energy in this company--from the mills and the factories right to the top of the tower! And we're going to do it together, every one of us, right here at Treadway."
--McDonald Walling (Executive Suite)

Rand Paul's observation is not just 'opinion.' The only way to alleviate axiomatic scarcity is via production--i.e., combining labor with tools to create consumable output. When production is forcibly curtailed, no amount of money printing compensates for the prosperity that is lost. Less output is being produced.

The only way to improve prosperity is to produce more. More production comes from more people working. The more that people produce, the greater the prosperity.

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