Source: Antiwar.com
by Casey Carlisle
“Paraphrasing Thomas Jefferson, the natural progress of things is for prices to yield and for quality to gain ground. Technology is what enables this natural progress. Do televisions cost more now than they did in the early ‘90s? What about mobile phones? Same answer for both questions: both are better and less expensive today than they were in the early ‘90s, which is why one will conclude that something is awry when reading headlines like ‘Global Military Spending Has Almost Doubled Since the Early ‘90s.’ Why has military spending almost doubled since the early ‘90s? Arguably for the same reason hospital services have: government intervention. Those who ‘serve’ in government endlessly tax the present because they arrogantly claim to know what the future should be rather than allow the future to unfold via voluntary exchange between producers and consumers.” (02/04/25)