The point -- to reiterate -- is that the patience of ordinary people cannot be taken for granted by those who govern them. Hard as it is to get up and move, not least in markets where unemployment is large and home sales are tiny, move is what many do. This kind of truth compels those at the top of a state's pecking order to decide how inhospitable to business they want regulations and taxes to be. A reduction in one or both commodities is a friendly signal: We want people to live here who like to work. We make it easy for them to do so and prosper.
It's sort of the pleasure/pain syndrome. You like pain? Fine. But we haven't got that much of it. What we've got -- in economic terms, and to the extent we can manage it -- is pleasure and delight.
"Never trifle with the marketplace" is an axiom that the present species of American politician needs some help in retaining. The marketplace both purrs and bites back, depending on how it's treated. Example: California. Example: Health insurance companies cutting and leaving markets in which, thanks to ObamaCare, they can't make a profit, such as children's insurance.
The attraction of so-called "Austrian" economics -- which makes a big thing of these marketplace signals -- is much talked of nowadays in analysis of the tea party movement. Why not? The marketplace, when left free enough, tells a free American what he needs to know. You want one more reason why tea party folk desire more freedom from overbearing government? That's it.
William Murchison is the author of "Mortal Follies: Episcopalians and the Crisis of Mainline Christianity." To find out more about William Murchison and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.
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