johaneriksson.se

Just wanted to recommend Don Boudreaux’s blog post, in which he puts the recent market errors into some much needed perspective. A short excerpt:

But despite the current downturn, the market continues to work well in its typical silence.  Do you have trouble today finding gasoline to buy?  Are your local supermarket’s shelves not stocked with food, wine, and (watch for it soon!) Easter candy?  If your cat eats your socks, will you have trouble buying several new pair?  If your car’s battery dies this afternoon, must you resort to bicycling or public transportation because you can’t replace your dead battery?  If you’re bored this evening with nothing to do, is there no movie you can go to or no DVD you can rent?  If you miss your mom in Minneapolis or your boyfriend in Boston, can you not call them on your cell-phone — or even buy a plane ticket and go visit them?

Sometimes it’s easy to take notice of all problems, while forgetting the marvellous good things we get out of our system of (relatively) free markets. Politicians, trying to prove their competence and readiness for action, certainly encourage us to. When they succeed, bits of our freedom gets taken away, and we’ll all end up poorer for it.

—-

Andra intressanta bloggar om: politik, ekonomi, frihet
Technorati Tags: politics, economics, liberty