The Problem Is That U.S. Is World's Richest Country

In his October 28^th column, John Tamny raised a point that I believe calls for further elaboration — under interventionist economics, we never know the prosperity we are missing.

He wrote, “More realistically, the massive forest fire isn’t government debt that is easily financed, but how extraordinarily low our standard of living is relative to what it could be.” (My italics.)