Index Investing News
Thursday, May 8, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Jeff Hummel on the Huge Benefits from the American Revolution

by Index Investing News
July 5, 2023
in Economy
Reading Time: 2 mins read
A A
0
Home Economy
Share on FacebookShare on Twitter


In the monthly email, July edition, that Liberty Fund sent out is this statement:

Our most popular Article ever is from Jeffrey Rogers Hummel in 2018, turning the Revolution into an externality story. He writes, “In fact, the American Revolution, despite all its obvious costs and excesses, brought about enormous net benefits not just for citizens of the newly independent United States but also, over the long run, for people across the globe.”

Because the article is so popular and, on this date, so timely, I’m highlighting it again.

Here are the opening two paragraphs:

It has become de rigueur, even among libertarians and classical liberals, to denigrate the benefits of the American Revolution. Thus, libertarian Bryan Caplan writes:  “Can anyone tell me why American independence was worth fighting for?… [W]hen you ask about specific libertarian policy changes that came about because of the Revolution, it’s hard to get a decent answer. In fact, with 20/20 hindsight, independence had two massive anti-libertarian consequences: It removed the last real check on American aggression against the Indians, and allowed American slavery to avoid earlier—and peaceful—abolition.”1 One can also find such challenges reflected in recent mainstream writing, both popular and scholarly.

In fact, the American Revolution, despite all its obvious costs and excesses, brought about enormous net benefits not just for citizens of the newly independent United States but also, over the long run, for people across the globe. Speculations that, without the American Revolution, the treatment of the indigenous population would have been more just or that slavery would have been abolished earlier display extreme historical naivety. Indeed, a far stronger case can be made that without the American Revolution, the condition of Native Americans would have been no better, the emancipation of slaves in the British West Indies would have been significantly delayed, and the condition of European colonists throughout the British empire, not just those in what became the United States, would have been worse than otherwise.

Read, enjoy, and celebrate.



Source link

Tags: AmericanBenefitsHugeHummelJeffrevolution
ShareTweetShareShare
Previous Post

Transocean: Total Backlog May Be Down Sequentially Despite Impressive Contract Win (RIG)

Next Post

Beijing jabs in US-China tech fight with chip material export curbs By Reuters

Related Posts

The Lure of Yesteryear Manufacturing

The Lure of Yesteryear Manufacturing

by Index Investing News
May 8, 2025
0

An eight-second Wall Avenue Journal video clip illustrates the old-time, labor-intensive manufacturing that some, together with the 2 final US...

Federal Reserve holds charges regular because it grapples with tariff uncertainty

Federal Reserve holds charges regular because it grapples with tariff uncertainty

by Index Investing News
May 8, 2025
0

That is an on-site model of the White Home Watch e-newsletter. You'll be able to learn the earlier version right here....

How the EU deforestation regulation aggravates the commerce dispute with the US

How the EU deforestation regulation aggravates the commerce dispute with the US

by Index Investing News
May 8, 2025
0

This text is an on-site model of our Europe Categorical e-newsletter. Premium subscribers can enroll right here to get the...

On the Cash: The right way to Change Careers 

On the Cash: The right way to Change Careers 

by Index Investing News
May 8, 2025
0

  ATM: The right way to Change Careers Dr. Invoice Bernstein (Could 7, 2025) How usually have you considered making main...

Is A Unfavorable Internet Worldwide Funding Place Trigger for Concern?

Is A Unfavorable Internet Worldwide Funding Place Trigger for Concern?

by Index Investing News
May 7, 2025
0

No. The Internet Worldwide Funding Place (NIIP) is an easy accounting idea.  It's the complete worth of overseas belongings owned...

Next Post
Beijing jabs in US-China tech fight with chip material export curbs By Reuters

Beijing jabs in US-China tech fight with chip material export curbs By Reuters

UK Bill to Help Seize Crypto in Criminal Cases Gets Lords’ Approval

UK Bill to Help Seize Crypto in Criminal Cases Gets Lords’ Approval

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Delay to Nvidia’s new AI chip may have an effect on Microsoft, Google, Meta, the Data says By Reuters

Delay to Nvidia’s new AI chip may have an effect on Microsoft, Google, Meta, the Data says By Reuters

August 3, 2024
Ford: Forget The UAW Strike, Worry About A Recession (NYSE:F)

Ford: Forget The UAW Strike, Worry About A Recession (NYSE:F)

October 23, 2023
Brookfield Infrastructure Companions: Enterprise Outlook Appears to be like Good, However Watch The Leverage (NYSE:BIP)

Brookfield Infrastructure Companions: Enterprise Outlook Appears to be like Good, However Watch The Leverage (NYSE:BIP)

January 2, 2025
Russian-appointed head of Zaporizhzhia Ivan Sushko killed in automobile bomb explosion : worldnews

Russian-appointed head of Zaporizhzhia Ivan Sushko killed in automobile bomb explosion : worldnews

August 24, 2022
Morning Brew Overview – Wall Road Survivor

Morning Brew Overview – Wall Road Survivor

June 7, 2022
Iranian Women Fight in the Streets, But Also from Home — Global Issues

Iranian Women Fight in the Streets, But Also from Home — Global Issues

October 25, 2022
Getting old Populations Demand Pressing Pension Reforms: Are We Ready?

Getting old Populations Demand Pressing Pension Reforms: Are We Ready?

January 2, 2025
Israel issues fourth round of gas exploration license tenders

Israel issues fourth round of gas exploration license tenders

December 14, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In