Imagine the Potential GDP if the communists, Nazis and other despots hadn't used government power to commit those hateful crimes against humanity. Yet the twentieth century was also the best of times, for those who survived the wars and repression. Millions of Americans, Europeans and Asians were emancipated from the drudgery of all-day work by miraculous technological advances in telecommunications, agriculture, transportation, energy and medicine. As a result Americans have increased their standard of living at least tenfold in the past 100 years. Certainly not to repeat the blunders of the past.
Market forces are on the march.
But let us not be deluded. Bad- policies, socialistic thinking and class hatred die slowly. Unless we- are vigilant, natural liberty and universal prosperity will be on the defensive once again. We need to deregulate, privatize, cut taxes, stop inflating, balance the budget and limit government to its proper constitutional authority. We need to teach, write and speak out for economic liberalization as never before.