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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Australia Might Not Even Exist Without U.S. “Guns on the Ground” Print
By Timothy H. Lee
Thursday, August 22 2013
[W]hile firearm possession has increased dramatically, firearm deaths have decreased dramatically.

“90% of white ppl are nasty.  #HATE THEM”

That was the racist April 29 tweet of James Edwards.  Today, Edwards sits in a jail cell, charged with first-degree murder in the wanton shooting of Australian Chris Lane this week in Duncan, Oklahoma. 

To date, Barack Obama has yet to interrupt a round of golf to proclaim as he did during the Trayvon Martin circus that, “If I had a son, he would look like James Edwards.”  In fact, when asked about the murder at the daily White House press briefing, spokesman Josh Earnest replied, “I’m not familiar with it, actually.”  Jesse Jackson, still exhausted by his own marathon Trayvon Martin publicity tour, could only manage to say that he “frowned upon” the murder. 

Clearly, the political left has a talent for projecting racism where it doesn’t exist, but ignoring it where it does. 

Meanwhile, in Lane’s native Australia, the reaction is understandably one of horror.  Unfortunately, the killing has also prompted some to sensationally exploit it on behalf of their ideological agenda. 

Former Australian Deputy Prime Minister Tim Fischer jumped at the opportunity to advocate a boycott of travel to the U.S. in protest of our Second Amendment protections, and even blamed the National Rifle Association (NRA) from all the way across the Pacific.  “It’s a sign of the proliferation of guns on the ground in the U.S.A.,” Fischer told CNN’s Piers Morgan, who graced the world with his own usual fit of anti-gun hysteria.  “This is the bitter harvest and legacy of the policies of the NRA,” Fischer added.  “This is why Australians and anybody else should think carefully about traveling to the USA, until you start to make a move on gun and firearm sensible control.” 

Fischer’s claims, of course, contradict mounting decades of rudimentary U.S. crime and gun ownership data.  In fact, his comments come at a particularly inconvenient moment for anti-Second Amendment activists. 

Specifically, in January of this year Obama directed the Centers for Disease Control and Prevention (CDC) “to immediately begin identifying the most pressing firearm-related violence research problems.”  The CDC’s report has now been released, and its findings aren’t what Obama and people like Fischer likely expected or hoped. 

First, the report confirmed the significant increase in firearm possession in the U.S. since the 1980s.  “Between 1986 and 2010,” it reads, “the domestic production of firearms has increased by 79 percent; firearm exports have increased by 11 percent; and firearm imports have increased by 305 percent (ATF, 2012).  A December 2012 poll found that 43 percent of those surveyed reported having a gun in the home (Gallup, 2013).” 

Despite that rapid proliferation, both unintentional and criminal gun casualties have dramatically declined.  Homicide rates in the U.S. have fallen by more than half over the past two decades alone, from 9.8 per 100,000 in 1991 to 4.8 in 2010.  Accidental deaths have similarly declined:  “Unintentional firearm-related deaths have steadily declined during the past century.  The number of unintentional deaths due to firearm-related incidents accounted for less than 1 percent of all unintentional fatalities in 2010.” 

Accordingly, while firearm possession has increased dramatically, firearm deaths have decreased dramatically.  Unfortunately, people like Obama and Fischer either remain ignorant of that fact or deliberately ignore it. 

The CDC report confirmed that defensive firearm use outnumbers criminal firearm use:  “Almost all national survey estimates indicate that defensive gun uses by victims are at least as common as offensive uses by criminals, with estimates of annual uses ranging from about 500,000 to more than 3 million per year, in the context of about 300,000 violent crimes involving guns in 2008.”  The report also noted that, “Firearm-related suicides – though receiving far less attention – significantly outnumber homicides for all age groups.”  In fact, the disparity approaches 2-to-1. 

Directly rebutting Fischer’s comments, the CDC report also noted the infinitesimal number of mass shooting deaths, as well as the ineffectiveness of gun control laws that he demands. 

Misleadingly, people like Fischer emphasize that the U.S. murder rate exceeds that of other industrialized nations.  The problem is that the U.S. rate is still tiny compared with the rest of the world.  While the U.S. rate of 4.8 murders per 100,000 exceeds Australia’s 1.0 rate, that must be kept in perspective by noting the murder rates in nations that effectively prohibit firearms like Russia (10.2), Greenland (19.2), Brazil (21.0), Mexico (23.7) or Honduras (91.6).  In that regard, this quote from the CDC report stands out:  “If one were to exclude figures for Illinois, California, New Jersey and Washington, D.C., the homicide rate in the United States would be in line with any other country.” 

In other words, take out those areas in the U.S. that implement Fischer’s and Obama’s preferred policy, and the U.S. is right down there with Australia itself. 

There’s another irony to Fischer’s hysterics.  Namely, without American “guns on the ground,” in his words, Australia itself would likely have been invaded and conquered shortly before he entered the world.  In January 1942, Japanese military leaders resolved to, “Proceed with the Southern Operations, all the while blockading supply from Britain and the United States and strengthening the pressure on Australia, ultimately with the aim to force Australia to be freed from the shackles of Britain and the United States.” 

Fortunately for Australia and Fischer, who was born four short years later, American guns prevented that eventuality. 

Question of the Week   
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   
 
"In 1993, when President Clinton signed the National Voter Registration Act (NVRA), its boosters claimed that it would solve, once and for all, a plethora of problems plaguing the nation's voter registration rolls.However, like many ballyhooed efforts, the Motor Voter Law, as it is best known, resulted in an even crazier system, with such absurdities as millions of people registered in more than one…[more]
 
 
—Robert Knight, American Civil Rights Union Senior Fellow
— Robert Knight, American Civil Rights Union Senior Fellow
 
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