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I, Market Economy

/ Wrote: Sep 08, 2010 12:45 PM

THE SECOND COMING OF 1994, BY THE NUMBERS By: William Galston, Progressive, The New Republic National surveys dominated today’s political news, and they made unhappy reading for Democrats. Some of the most interesting findings didn’t get widely reported, however. Here they are, with my comments in italics: ABC/WP: Do you think Obama’s economic program is making the economy better, making it worse, or having no effect? -------------------Better-----------Worse----------No effect 9/2010------------30----------------33-----------------36 4/2010------------39----------------26-----------------32 If the Republicans took control of Congress, do you think their economic program would make the economy better, make it worse, or...

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I, Market Economy

No one in the world knows how to make the newspaper you are holding (and, if you're reading this on your phone, computer, iPad or Kindle, no one knows how to make those things either).

Even the best editor in the world has no clue how to make a printing press or the ink, or how to operate a communications satellite.

This is hardly a new insight. In 1958, Leonard Read wrote one of the most famous essays in the history of libertarianism, "I, Pencil." It begins, "I am a lead pencil -- the ordinary wooden pencil familiar...

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