Economist Deirdre McCloskey will soon release her new book entitled "Bourgeois Equality:  How Ideas…
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Image of the Day: A Powerful Tribute to Free Market Capitalism

Economist Deirdre McCloskey will soon release her new book entitled "Bourgeois Equality:  How Ideas, Not Capital or Institutions, Enriched the World." It it, she describes the unprecedented transformation  and improvement of human wellbeing through the power of economic freedom, as illustrated by this graph:

. [caption id="" align="aligncenter" width="568" caption="The Power of Free Markets"][/caption]

. As McCloskey summarizes, that's the result of the free market revolution:

. [I]n the two centuries after 1800, the trade-tested goods and services available to the average person in Sweden or Taiwan rose by a factor of 30 or 100.  Not 100 percent, understand - a mere doubling - but in its highest estimate a factor of 100, nearly 10,000 percent, and at least a factor of 30…[more]

August 18, 2017 • 01:52 pm

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Big Labor and Government Motors Print
By CFIF Staff
Thursday, June 04 2009

Less than a month after Vice President Joe Biden told labor union leaders that he believed that the best way to build the middle class is to help their unions grow, General Motors filed for bankruptcy protection and few in the auto industry seem willing to discuss the role that unions played in its demise.

With the United Auto Workers’ benefit plan expected to receive nearly a 20% ownership stake in what is now Government Motors as a result of the bankruptcy filing, some reports indicate that the current deal means that the union was successful in taking on less risk than it would have under earlier proposals. The question remains how much influence the unions will continue to have over the newly-structured, government-run GM and whether union involvement, particularly at the management level, will jeopardize the automakers chances for revival.

Recently, CFIF’s own Timothy Lee, a former private practice employment lawyer, joined Renee Giachino, CFIF’s Corporate Counsel and Senior Vice President, to discuss the political force of unions, the misnamed Employee Free Choice Act and why Big Labor cannot save the middle class or the auto industry.

What follows is the interview originally heard on "Your Turn - Meeting Nonsense With Commonsense" on WEBY 1330 AM, Northwest Florida's talk radio…[Listen to the interview here.]

 

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How many times between 1996 and 2016 did the U.S. Congress pass a full federal budget instead of relying on continuing resolutions or omnibus spending bills?
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Quote of the Day   
 
"We are in an age of melodrama, not tragedy, in which we who are living in a leisured and affluent age (in part due to the accumulated learning and moral wisdom gained and handed down by former generations of the poor and less aware) pass judgement on prior ages because they lacked our own enlightened and sophisticated views of humanity -- as if we lucky few were born fully ethically developed from…[more]
 
 
—Victor Davis Hanson, Hoover Institution Senior Fellow
— Victor Davis Hanson, Hoover Institution Senior Fellow
 
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