The Human Action Podcast

Home | Mises Library | Ryan McMaken: Are We Getting Poorer?

Ryan McMaken: Are We Getting Poorer?

  • Mises Weekends with Jeff Deist
0 Views

Tags U.S. Economy

01/19/2018Ryan McMakenJeff Deist

By every measure extreme poverty in Third World nations is decreasing rapidly. But what about the US and the West? Economist and mises.org editor Ryan McMaken joins Jeff Deist for a wide-ranging discussion of what makes people rich, and how economists should measure wealth. This great discussion explains the decline of real incomes and savings rates in the West, the moral hazards created by central banks, and how a happy combination of technology and market innovation often manages to outpace rapacious governments. Is deflation, horribly mischaracterized by economists, the real source of wealth in a society? And should we judge our personal finances in terms of net worth or lifestyle?

Ryan McMaken: Are We Getting Poorer?

Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.
Authors:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and The Austrian, but read article guidelines first. Ryan has degrees in economics and political science from the University of Colorado and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

When commenting, please post a concise, civil, and informative comment. Full comment policy here
Shield icon view