Quote of the Day

History shows us that freedom works. During 1,000 years of absolute monarchy, feudalism, and slavery, mankind’s average income increased by about 50%. In the 180 years since 1820, mankind’s average income has increased by almost 1,000%. During the last 100 years, we have created more wealth, reduced poverty more, and increased life expectancy more than in the previous 100,000 years. And that happened because of the entrepreneurs, thinkers, creators, innovator who had new ideas, who traveled geographical distances and, more important, mental distances to create new things and who saw to it that old traditions, which would have stopped new creations, would not stop them for long.

Entrepreneurs are the heroes of our world. Despite the risks, the hard work, the hostility from society, the envy from neighbors, and state regulations, they keep on creating, they keep on producing and trading. Without them, nothing would be there.

~Johan Norberg, "Entrepreneurs Are the Heroes of the World," from Cato's Letter.