"The moral of the story is that poverty is, or at least was, the natural state of humanity.
But then something remarkable happened. The power of government was constrained and the vitality of markets was unleashed. The rest, as they say, is history."
Watch this short, well-done video by Don Boudreaux, economics professor. Of the Austrian School, that is:
Prof Boudreaux has a PhD in economics from Auburn University and a law degree from the University of Virginia School of Law. He was also an Assistant Professor of Economics at George Mason University.
Yes, he is a libertarian. I'm not. I don't believe in a skeleton state. But the world would be a far better place if the number of Krugmans were decimated and the number of Boudreaux doubled. Make that tripled.