The next several posts are to educate people on the value of free enterprise. In this time of government bailouts, many people are finding it easy to blame the free enterprise system for our current global financial crisis. Others call for more government involvement in private business while still others blame Republicans for lax regulation.
But we need to understand what free trade and free enterprise does for each of us. Milton Friedman sums up the power of free enterprise by this simple illustration of the economy of a pencil.
Hundreds if not thousands of people worked together to produce a simple lead pencil, a pencil than not a single one of us would be able to produce by ourselves. Amazing.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment