Economic growth lifts all boats from "summary" of Capitalism and Freedom by Milton Friedman
The central idea that underpins the concept of economic growth is the belief that a rising tide lifts all boats. In other words, when the overall economy expands and grows, the benefits of this growth are expected to reach all members of society, regardless of their socio-economic status. This notion is often used to justify policies and practices that prioritize economic growth above all else. However, the reality is often far more complex. While it is true that economic growth can lead to improvements in the standard of living for many people, it is not guaranteed that these benefits will be distributed evenly across society. In fact, in many cases, the gains...
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