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"If Only People Had Half a Clue as to Why this is Happening!"

Posted By Don Boudreaux On May 15, 2008 @ 6:51 am In The Economy | Comments Disabled

My and Karol’s dear friend Betsy Albaugh — founder and owner of Betsy Fisher [1], the wonderful womens’-clothing store near Dupont Circle — sent this site [2] to me yesterday.  In her e-mail, Betsy said "If only people had half a clue as to why this is happening…."  Indeed.  The market — humans’ "propensity to truck and barter," property rights, reason, a worldwide division of labor and trade — is why so many of us can sit in our living rooms, press a few buttons, and, by spending only a tiny fraction of our incomes, acquire marvelous goods from around the world.

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[1] Betsy Fisher: http://betsyfisher.com/index.php?file=default

[2] this site: http://www.dailycandy.com/travel/article/36542/Shop+the+World

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