Thursday, November 28, 2013
Thankful for the Market Process
As George Mason University's Dr. Walter Williams would say, these grocers are "serving there fellow man". We can only imagine the logistics behind getting food from farm to grocery store and ultimately your table this Thanksgiving day. The market process is easy to see when we look at our pumpkin pie and cranberry sauce. Do you have to know the conditions cranberries or pumpkins grow in to purchase them? No of course not, you just exchange your value dollars for the cranberries and pumpkins and you are off to a delicious Thanksgiving. Things like the seamlessness of food infrastructure exist because of the market process. We might have to bear the slight pain of a packed grocery store, but the food is there for us.
On behalf of the George Mason Economics Society I wish all of you a Happy Thanksgiving and may the rest of your holiday season be full of good cheer.
Michael Levesque is a senior economics student at George Mason. He currently serves as the Market and Creative Director of the Economics Society. He lives in Fairfax and loves to bike on the George Mason Cycling Club. You can find him on twitter: @tylerlevesque and his blog Let Markets Decide.
Note: Image found on Wikipedia. Originally in the Library of Congress Archive.