You have to wonder at the decline of The New York Times…

When they have such wonderful writers as John Tierney.  I think I was in graduate school when I first learned of Julian Simon’s bet with Paul Ehrlich.  The concept behind Simon’s betting is very simple.  There is only one commodity that matters and it is increasing in both quantity and quality each day.  That commodity is human capital.

As China, India, and hopefully soon, the rest of Asia and all of Africa become more free and human capital takes a big jump in quantity and quality, our lives will be dramatically improved.

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