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Monday, August 17, 2020

There is No Magic Wand for Prosperity

Liberty and free markets are not the magic wand, a wave of which will make a nation prosperous; there are several nations in which there is hardly any economic regulation, primarily because their economy is too meager to be worth regulating—these nations are the world’s most backward places where people live in hellholes inflicted with poverty, disease, and crime. A nation might have liberty and free markets, but the people will not be able to take advantage of these values if they are lacking in intelligence, honesty, knowledge, moral principles, ambition to excel, and work ethic.

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