Inventions That Changed Our Lives Only Because of Liberty

by Gary North

The world of 1900 was nothing like the world of 1800. The world of 2000 was nothing like the world of 1900. Why? Because of 2% per annum economic growth per capita.

No one can perceive this low an increase in one year. But when compounded, no one can miss the changes in our lives over a lifetime. I dealt with this in my Mises Institute lecture, “How Come We’re So Rich?”

In my life, I experienced only one major change in my productivity. In late 1980, I switched to a computer to write. I used a primitive version of WordPerfect on a mini-computer: Satellite Software International. In one week, I doubled my output. I continued to use the DOS-based version of the program for the next 25 years.

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