In the jungle, consumers compete, tooth and claw, with each other for scarce food. In the market, producers compete, peacefully, with each other, producing abundance for consumers. In the jungle, the rule is: eat or be eaten. In the market, it is: serve so that you may be served.
Donald ‘Right About Everything’ Trump Gets Prices Wrong
President Donald Trump constantly blusters as if he deserves the 'Nobel Prize for Economic Triumphs,' just like he supposedly deserved the Nobel Peace Prize. Last week in a speech in Iowa, he doubled down on his triumphs by referring to himself in the third person:...
