Ignore the Doom and Gloom, The World Is Getting Better
Despite the sensational headlines, there has never been a better time to be alive.
Brittany Hunter is an established writer who contributes to many top Libertarian and Austrian Economics publications. She studied political science with an emphasis in Constitutional studies at Utah Valley University and is currently working toward law school.
In addition to her work for Center for Individualism, Brittany is also an editor at Foundation for Economic Education and contributor for Mises Institute.
Despite the sensational headlines, there has never been a better time to be alive.
Forcibly taking money from one source in order to give it to another is not benevolence, no matter how great the cause in question may be. And while many leftists do not agree with this premise, they also do not like when their favorite products are altered thanks to taxation.
But where government intervention has failed the health care sector, free market innovation has become its savior. The rising costs of health care in both North America and Europe have actually created a void in the marketplace. And medical tourism is filling that void by offering a whole new avenue of choice for health care consumers.
Unfortunately, other countries do not take kindly to trade barriers being arbitrarily placed on imported goods. And in many instances, when these types of policies are instituted, foreign countries respond by creating their own tariffs on American goods in retaliation. This is exactly what is happening now. The European Union is moving forward with new tariffs targeted at denim, orange juice, bourbon, motorcycles, peanut butter, motorboats, and cigarettes.
Thanks to the affordability of products like smartphones and tablets and cheap services like Netflix and iTunes, justice has been able to prevail in spite of our broken criminal justice system.
There is almost nothing the sharing economy cannot provide for the consumer. From inexpensive rides and cheap short-term lodging alternatives to food delivery and even puppies on demand, this organic market force has become a huge source of convenience in our lives.
Power is a devastatingly addictive device. Once a person becomes consumed by the quest for power, individuals become nothing more than pawns to be sacrificed in the name of maintaining order and control.
While it may not be obvious to Krugman, Bitcoin’s appeal comes from very fact that it is not controlled by governments or the central banks. It could also very well make the role of central banks completely irrelevant in the near future.
The state of California claims that unregulated competition hurts the restaurant industry and those who have obtained all the proper permits. However, individuals engaging in voluntary exchanges have every right to take those risks if that is their prerogative. Government-issued permits do not ensure safety. If they did, there would be zero incidences of food contamination or food poisoning at restaurants.
The truth of the matter is, the Great Depression cannot be pinned on one particular thing alone. In fact, there were a series of unfortunate occurrences that ultimately led to, and prolonged, the Great Depression.
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