Thoughts on Economics
The economy which will probably lead to the most overall wealth is one in which the costs people pay for commodities correspond to the real costs of those commodities. Often there are hidden costs which are not reflected in the cost of the item. The hidden costs of cigarettes for example are the costs of medical care of cigarette smokers who develop cancer or emphysema. Oil purchases from Iraq , had hidden costs for the United States. The oil money made it possible for Iraq to build a powerful army. The United States had to send a large army to the Middle East to fight Iraq at a huge cost. If this cost were reflected in the cost of Iraqi oil it would have been more economical to buy oil elsewhere. As a result Iraq would have less money with which to build a powerful army and the United States might not have had to spend money to fight Iraq at all. Saudi money is funding the spread of radical Islam in the United States and the rest of the world. As a result the United States went to war with Afghanistan at immense cost. A glimpse of the cost to the United States in the future of the growth of radical Islam can be seen by looking at France today which has become a violent antisemitic society with demonstrations of hostile Muslims yelling "Kill the Jew".
The market is driven by costs and if the costs paid are not close to the real costs than hidden costs will build up and the overall price paid will be higher and so overall wealth will be lower.
In theory governments could impose taxes to bring the cost of items closer to their real costs. For example they could tax cigarette purchases to pay for the hidden medical care costs. Unfortunately there are hidden costs of government taxation as well. The government usually is not an efficient organization and is expensive to run. Government taxation means more government money and more government power. This may be undesirable as it may lead to infringement of civil liberties. The imposed taxes by government may not bring the costs closer and may even bring them further away from the real costs.