How can that be?

It’s because of free enterprise in a society that values and protects God-given rights. I wrote a couple weeks about the falling price of light as one of many examples of how free enterprise is the most most effective antipoverty tool known to man.

I wrote:

A by-product of entrepreneurs striving to find new and better ways of doing things, because they can profit from the innovations, is a society where:

Economist Donald Boudreaux argues here that we now have daily access to riches that famous millionaire John D. Rockefeller never even could have had. He sums it up:

This fact means that, by 1916 standards, I am today more than a billionaire.  It means, at least given my preferences, I am today materially richer than was John D. Rockefeller in 1916.  And if, as I think is true, my preferences here are not unusual, then nearly every middle-class American today is richer than was America’s richest man a mere 100 years ago.