If you’re looking for further evidence that the world is recovering from the disruptions of pandemic policy, the Simon Abundance Index provides just that. After a brief retreat, the index once again portrays a world of cheaper commodities that contribute to human prosperity.
Born from a famous 1980 bet between economist Julian Simon and doomsayer Paul Ehrlich, the index stands as testimony for Simon’s belief that the greatest resource is human ingenuity—although government intervention is perfectly capable of screwing up a good thing.
Read the entire article: Julian Simon Was Right: Ingenuity Leads to Abundance