President Trump reduced the importance of potential empty stores at the Cabinet meeting on Wednesday.
“Many of them do not need.”
After that, this point explained: “Well, children may have two dolls instead of 30 dolls, as you know? Perhaps they cost the dolls a few dollars more than they do usually.”
At that moment, Trump certainly made history: he must be the first president in history to say publicly that his policies will deprive the children of American games.
The doll of the American girl, Disney Disney Cinderella, may be a side damage in a commercial battle that is supposed to reduce our strategic dependence on China.
What Trump was rejected in the end is an abundance, and it is one of our miracles of our system.
Less options at a greater cost – whether they are dolls or other goods – simply mean a lower standard of living.
The Human Progress Project at the Kato Institute calculated the “time price” for various goods, or the period that someone had to work to buy, from 2000 to 2024.
The time for games for games fell by more than 88 % during this period.
In other words, the work that it took to buy one game a quarter of a century will buy nearly nine games today.
This is important, not because we want children to have nine times the number of games as they did in 2000, but the low time designated for buying a game can be used to buy something else (clothes, sports equipment, technical supplies), or to work less.
This dynamic itself carries in all fields. Mark Perry searched from the Institute of American Institutions at a time when it is 11 basic home commodities from the fifties to 2013.
He wrote: “The model factory worker in 1959 had to work,” “He would have had to work from January 1 to mid -June to earn enough income (before taxes) to buy these 11 devices, a worker in 1973 had to work from the first of the year 11” until the second week of April, and only the factory worker today will not have work until the end of January to the income profit 11 of Applian devices. “
This is the process of increasing the richness of society.
Trump talked about what we really need.
At the end of the day, we do not need anything except food and shelter.
This does not mean that we must be satisfied with a lower level instead.
The United States, for example, has a higher living standard than Greece.
According to the numbers of the CIA, the United States had a total GDP of $ 74,000 per person in 2023, and Greece had $ 36,900 per person's gross domestic product.
This does not mean that people die in the streets in Greece-they only have less and less quality things.
So far, everyone had agreed that this is bad, and we must avoid taking any steps down the ladder of prosperity.
The wide range of options that we have as consumers is one of the adornment of modern life.
Nobody enters a grocery store and looks at the boxes in the production department, sees Red Delicious, Granny Smith, Gala, Honeycrisp, Fuji and Golden Delicious Apples, and he thinks, “Oh no, there are a lot of items to choose from.”
Or look at the dolls.
Among the main brands, there is Barbie, American girl, lol surprise!
We do not need a central authority that tells us which of these dolls is more necessary than others – the market does so.
All this is outside the brand of President Trump, who is successful and surplus of consumers.
It is normal to be enhanced – We will have more dolls at better prices than ever! – From trying to talk about people to accept scarcity.
The more he could get out of an explanation situation, the more imminent decrease and higher prices, the better.
Twitter: Richlowry
