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 November 14th 2008
How many U.S. Presidents did not have any military experience before becoming Commander in Chief?
13
10
8
3
Week of November 7th 2008
How many times in the history of the United States has the Electoral College voted unanimously?
Once
Twice
Three Times
Never
Week of October 31st 2008
Which of the following presidential elections had the highest turnout of the U.S. voting age population?
1960
1972
1996
2000
Week of October 24th 2008
Absentee voting was first used in the U.S. during which of the following periods?
Pre-Revolutionary War
Revolutionary War
Civil War
World War I
Week of October 17th 2008
Which of the following elections marked the first time in U.S. history when Americans in every state voted for president on the same day?
November 7, 1848
November 8, 1864
November 2, 1920
November 8, 1960
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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?
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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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