Marian L. Tupy and Gale L. Pooley, Superabundance: The Story of Population Growth, Innovation, and Human Flourishing on an Infinitely Bountiful Planet, with Foreword by George Gilder. Washington, DC: Cato Institute, 2022; xvii + 547 pages; $34.95. The central thesis of Superabundance is very simple: Malthus was wrong! What does this mean? Thomas Malthus (1766–1834) […]
11 min read
Read More
Merit has become a dirty word. Almost as bad as privilege. It has come to mean an unfair advantage that threatens to overturn diversity, equity, and inclusion. To reward someone for merit means not rewarding someone for failing to exhibit merit. Merit, by its very nature, is not easily won, regardless of what the rules […]
9 min read
Professional sports stars have seen tremendous earnings growth over the past several decades. Where professional major-league athletes once had to work off-season jobs just to make ends meet, their per-season salaries and bonuses now amount to many times what the average American family can expect to earn over the course of a lifetime. Sports salary […]
9 min read
We all reflect the times in which we live—even the most influential and powerful among us. It is just that most lives whisper in 8-point type, in keeping with a modest place in the scheme of things, while the makers of history shout in 72-point size. For this reason, the study of “parallel lives” from […]
6 min read
Which professional sport offers the most lucrative contracts to top contenders? If the first names that come to mind are Super Bowl-winning quarterbacks, baseball players with unbeatable batting accuracy, or top-scoring basketball stars, you’re in for a surprise. In fact, we’re talking about soccer, the sport that is known in most of the world as […]
18 min read
Even in the professional sport’s early years, star players could earn salaries that tripled what the average American worker earned. As earning potential picked up among professional hockey stars over the next century, the best-paid players in the National Hockey League (NHL) were earning hundreds of times what the average American family made in a […]
21 min read
Not all that long ago, the massive contracts awarded to today’s top NFL players would have been unthinkable. When pro football was in its infancy, salaries weren’t lucrative. The very first athlete to earn money for playing a game of football made just $500. For decades, professional football players routinely worked “regular” jobs in the […]
21 min read
When professional basketball in the United States was in its infancy, star players made about 2.5 times what the average family made in a year. Today, the highest-paid players in the National Basketball Association earn more than 600 times the median family’s income for the year. In basketball, as in other sports, the salaries of […]
15 min read
While we recognize the importance of saving, far too many Americans either don’t prioritize saving or simply lack the financial flexibility to create and keep a sufficient savings strategy. Read on for a look at the reasons that so many Americans struggle to save.
9 min read
After a long and dreary winter, baseball season is finally underway—just in time for the news that inflation has hit a 40-year high. The salaries of our favorite baseball players are subject to their own sort of inflation. This particular inflation rate towers over the Consumer Price Index (CPI) typically used to quantify inflation. Since […]
15 min read
