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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Questions of the Week
Week of May 3rd 2017
In which one of the following years did the Department of Defense establish a policy waiving the active duty requirement for U.S. military service academy athletes, allowing them to go straight to the pros upon graduation?
1965
1972
2006
2016
Week of April 26th 2017
Complete the famous phrase: “No man’s life, liberty or property are safe ...”
while the Legislature is in session
until the British are overthrown
without a southern border wall
without the Bill of Rights
Week of April 19th 2017
Which one of the following decades saw the origin of individual income taxes in the U.S.?
1780s
1860s
1890s
1900s
Week of April 12th 2017
Which one of the following is the only private home in the U.S. to have been designated by UNESCO as a World Heritage site?
Falling Water, PA
Hearst Castle, CA
Monticello, VA
Winterthur, DE
Week of April 5th 2017
Which one of the following Senate Majority Leaders eliminated filibusters for the vast majority of presidential nominations?
Robert Byrd
Tom Daschle
Trent Lott
Harry Reid
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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?
More Questions
Quote of the Day   
 
" ... Americans have grown increasingly accustomed to the view that your politics is determined by your racial, ethnicity or gender identity. Politics is seen as a zero-sum battle for government favor. College and corporate leaders join in.Universities sponsor separate orientations, dormitories and commencements for identity groups (are separate drinking fountains next?). A corporate CEO fires an…[more]
 
 
—Michael Barone, Washington Examiner Senior Political Analyst and AEI Resident Fellow
— Michael Barone, Washington Examiner Senior Political Analyst and AEI Resident Fellow
 
Liberty Poll   

Are you generally satisfied or dissatisfied with the way things in the country are going now?