By Roger McKinney
[This article was originally posted on Apr 05, 2019 at finance.townhall.com and is reproduced here under the fair use doctrine. Ed.]
The birth of Christ was the most important event in human history. Second to it was the hockey stick growth in per capita GDP (standards of living) that began with the creation of the Dutch Republic in the late 16th century. Most know it as the Industrial Revolution, which socialists claim impoverished and enslaved mankind, but it was much more than that. It was a revolution in culture, including the laws, government, religion, social structure and attitudes toward business.
Economists call it hockey stick growth because a graph of per capita GDP for the world would be almost perfectly flat from pre-history until 1600 when Continue reading “Cold Weather Did Not Create the Modern World”