Bonus Quotation of the Day…

by Don Boudreaux on July 4, 2022

in Growth, History, Myths and Fallacies, Philosophy of Freedom

is from Deirdre McCloskey’s new essay “Slavery Enriched White Slave Owners But Robbed America, Not Just African Americans”:

The “piled” plunder of the crime of slavery is dwarfed by the returns of the honest commerce that might have been; Jefferson’s declaration is an economic opportunity sadly missed. Free and equal Black Americans would have generated far more wealth in America than enslaved ones did. Economic history is unequivocal: Jefferson’s slavery wasn’t the basis of America’s prosperity; Jefferson’s liberalism, so beautifully expressed in the document we celebrate today, was.

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