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 January 18th 2017
Which one of the following was simultaneously a member of the House of Representatives, a U.S. Senator-elect and U.S. President-elect?
Thomas Jefferson
Howard Taft
James A. Garfield
None of the above; it has never happened
Week of January 11th 2017
Since 1950, which one of the following U.S. Presidents has appointed the greatest number of Justices to the U.S. Supreme Court?
Dwight D. Eisenhower
Lyndon B. Johnson
Richard M. Nixon
Harry S. Truman
Week of January 4th 2017
Which one of the following do U.S. Vice Presidents Richard Nixon, Hubert Humphrey and Al Gore all have in common?
All three were born in Northern States
All three served as Governor before running for President
All three served in both the U.S. House and U.S. Senate
All announced they had lost their own bid for President before a Joint Session of Congress
Week of December 27th 2016
Which one of the following U.S. cities lowers a giant pinecone at midnight to mark the start of the New Year?
Atlanta, GA
Flagstaff, AZ
Presque Isle, ME
Raleigh, NC
Week of December 21st 2016
Which one of the following states was the first to see the opening of retail Christmas tree lots, in 1851?
Maine
New York
Virginia
West Virginia
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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?