Mises Daily
Author:
Paul Kirklin
Online Publish Date:
produces more total wealth, its money supply becomes more valuable. To learn what policies would create the most wealth is the most fundamental concern of economic thereby make themselves susceptible to serious errors in judging an action’s or policy‘s effect on wealth. Income is typically thought of in nominal terms. Nominal of the economic system where human labor is most valuable. Every time some new innovation in technology or organization enables people to produce more with less,