Meditations and Learnings

Meditations and Learnings

The Importance of Wealth and Economic Growth

Aspiring to be wealthier isn’t greedy: it’s just about the most reasonable target if you care about the things that most other humans do: health, happiness, education, freedom, and peace of mind. Increased national wealth and continued economic growth have the power to alleviate almost any of the most significant problems we face. Many people attribute horrors that plague less the least developed countries like malaria to geography, but until the late 1940s, it also killed scores of Americans. They wiped out the last cases through better drainage, mosquito breeding site removal, and insecticide use. Common sense shows that we more readily find the best things in prosperous nations, from flushing toilets to career choices. Wealth matters - unlocking economic growth is the most crucial task of economics.