Thursday, November 26, 2009

The Mysterious Power

clipped from www.qando.net

The reason your Thanksgiving turkey was waiting for you without an advance order? Because of “spontaneous order,” “self-interest,” and the “invisible hand” of the free market – “the mysterious power that leads innumerable people, each working for his own gain, to promote ends that benefit many.” And even if your turkey appeared in your local grocery stores only because of the “selfishness” or “corporate greed” of thousands of turkey farmers, truckers, and supermarket owners who are complete strangers to you and your family, it’s still part of the miracle of the marketplace where “individually selfish decisions lead to collectively efficient outcomes.”


Thanksgiving is epitomized by the process Perry describes. Our holiday is indeed as much a miracle of the market as anything. It enables everyone who wants too to have what they need or desire for that day – and every day. It is truly something to celebrate.

Free markets. Free people.

Happy Thanksgiving.