Julian Simon's
Standard of Living Fantasy

"The standard of living. In the short run, additional children imply additional costs, though the costs to persons other than the children's parents are relatively small. In the longer run, however, per capita income is likely to be higher with a growing population than with a stationary one, both in more- developed and less-developed countries. Whether you wish to pay the present costs for the future ay the present costs for the future benefits depends on how you weigh the future relative to the present; this is a value judgment."

Julian Simon, 1996
The Ultimate Resource 2


THE RICH GET RICHER
AND
THE POOR GET POORER