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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Friday, November 27, 2009

Why are some countries poor and some rich?

Here. It seem s as if rule of law and private property rights drive wealth and prosperity. Take these away, and there is anarchy and arbitrary government intervention that reduces the value of work and investment.


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