Today is the feast of Saint Valentine and…oh what’s that, you have never heard “Saint” put before “Valentine” and thought that the namesake of the day was taken from a scorned, 20th century actor named “Valentino”? Well pull up crate of candy samplers and lend an ear. Like many of our traditions or rather the customs we have witnessed that produce positive results, Saint Valentines day has its origins in Christianity.
Mandeville, LA - Exclusive Transcript - If the government is running the show, what the government will do, after it meets and thinks about it for six months, a year, two years, is it will order either the cessation of the manufacturing of the product, or it will order the recall of all those products that certain people are using so it can distribute it, in its infinite wisdom, to those that it thinks are more worthy of having it. In other words, they won’t actually deal with the problem because they can’t. In a marketplace, if compound X is necessary for manufacturing the product and you can’t get compound X, industry or the methodology of the market will either find a way to replace compound X or will redesign the product so that you don’t need compound X to make it anymore. It can allocate the resources in real time, as must be done in order to meet efficiency in the production of goods. This is boilerplate Austrian economic theory. Check out the rest in today's transcript...