However, if we do not quite see the underlying logic of exchange and how it works to help everyone, it is easy to underappreciate what market trading means to society. This is a tendency in the circles that discuss issues of social justice. The market is rarely given the credit it deserves for helping humanity improve its lot. In fact, the market is nothing but the cooperative interaction of humanity in improving the commonweal.That's from Jeffrey Tucker at the Mises Econ Blog hosted at the Christian Science Monitor.
Potent Quotables (updated periodically)
- "If you like sausages and laws, you should never watch either one of them being made." -- Otto von Bismarck
- "God who gave us life, gave us liberty. Can the liberties of a nation be secure when we have removed a conviction that these liberties are the gift of God? Indeed I tremble for my country when I reflect that God is just, that his justice cannot sleep forever." -- Thomas Jefferson
- "The best way to prove a stick is crooked is to lay a straight one beside it" -- FW Boreham
- "There are two kinds of people in the world. Those who walk into a room and say, 'There you are' and those who say, 'Here I am'" -- Abigail Van Buren
- "It was not political rhetoric, mass rallies or poses of moral indignation that gave the people a better life. It was capitalism." -- Thomas Sowell
Wednesday, June 02, 2010
This Much
As a follow up to Grimp's post earlier on Thomas Sowell and Wal-Mart's effect on the economy, I give you this:
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