Economist Deirdre McCloskey will soon release her new book entitled "Bourgeois Equality:  How Ideas…
CFIF on Twitter CFIF on YouTube
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

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
The Biggest News in Washington: Deregulation
By Betsy McCaughey
Wednesday, March 08 2017
If you want to start a business, the World Bank says you'd do better to move to Canada than setting up shop here in the U.S., where mind-numbing government regulations smother entrepreneurs. That was true, anyway, before Donald Trump became president. In his address to Congress last week, Trump announced that "a historic effort to massively reduce job-crushing regulations" is under way. In a mere six weeks, Trump and his Republican allies in Congress have rolled back 90 regulations, and they're just getting started. Business leaders are cheering. "Relief is finally on the way,"…
 
The Information Vacuum Inside the Trump Russia Controversy
Put aside, for a moment, the raging controversies over this or that aspect of Donald Trump, the Russians…
Read more...
Don't Let Politics Ruin Baseball
Jayson Stark, a longtime baseball writer for ESPN, recently asked whether Major League Baseball players'…
Read more...
 
The Contradictory Logic of Gun-Grabbers
A little intellectual integrity is apparently too much to ask of Second Amendment restrictionists. …
Read more...
Chuck Schumer's Fake News
Appearing recently on ABC's "The View," Senator Chuck Schumer painted a picture of Republicans…
Read more...
 
Optimism in Trump's America
President Trump's job approval rating, 44 percent with a 48 percent disapproval rating in a new Wall…
Read more...
Stop Belittling The Holocaust With Your Stupid Nazi Analogies
When the Associated Press dropped a breathless piece contending that the Trump administration was "considering"…
Read more...
 
Economic Freedom Index: U.S. Plummeted from 6th to 17th Under Obama
Anyone still perplexed by the economic malaise and popular discontent that characterized the Obama era…
Read more...
Medical Devices Can Turn Deadly
What's the biggest killer in hospitals? Secrecy. That's the bottom line from the Government Accountability…
Read more...
 
An Imploding Energy Mandate
After just six months, a bipartisan consensus within New York has emerged that Governor Andrew Cuomo’s…
Read more...
NATO to US: Yes, Sir, Mr. Trump
Candidate Donald Trump set off a furious controversy when he said NATO countries should pay their "fair…
Read more...
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   
 
"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
 
Liberty Poll   

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