Tuesday, May 18, 2010

American Thinker: Cannibalizing Capital

What converts these worthless plants and minerals into paintings, furniture, and jewelry? What made it possible for our artist, our jeweler, and our craftsman to make a living out of processed plants and minerals? Hint: It's not government.

These artists may not have heard about the 10,000 homes being destroyed and the economic nihilism that inspired the project. These artists just do what they do, taking a few dollars' worth of raw materials and transforming them into goods worth ten, twenty, thirty times as much, all because of their ingenuity, their creativity, and the rewards dispensed by the invisible hand of a free market.

It happens every hour of every day, as manufacturers literally create wealth by creating valuable goods seemingly out of thin air.

American Thinker: Cannibalizing Capital

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