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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Home Press Room LNG Exports Would Benefit All
LNG Exports Would Benefit All Print
Monday, January 14 2013

ALEXANDRIA, VA -- Last week, opponents of liquid natural gas (LNG) launched a coalition misleadingly named “America’s Energy Advantage” in an attempt to restrict American companies’ ability to freely export LNG abroad.  Stated simply, this group seeks to limit export of American LNG to reduce costs for their own members.  The Center for Individual Freedom (CFIF) objects to this example of bald crony capitalism, a misguided protectionist effort that is an affront to free market principles.

“While turning their back on our country’s needs, this new group ignores fundamental economics for the sake of its own collective bottom line," said Timothy Lee, CFIF's Vice Presdent of Legal and Public Affairs.  "Why should the federal government be in the business of telling domestic energy producers what they can and cannot sell to willing buyers?  If federal bureaucrats artificially block exports, the American economy will never be able to realize the true potential of the ongoing shale gas boom,” Lee said. 

Recent studies, such as those from Deloitte, the Department of Energy and even the left-leaning Brookings Institute, have established widespread economic benefits from allowing LNG exports.  CFIF believes that every individual has the right to the benefits of a functioning, free-market economy, and the substantive economic benefits merely affirm that freedom.

“The United States has been handed a golden opportunity to become a dominant figure in the global energy market,” Lee continued.  “These companies’ effort to block exports encroach upon our economic freedoms and threaten economic harm.  That has to stop,” Lee concluded.

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