Banner
It Works Because It Trusts God PDF Print E-mail
Books in the Making - Chrestomathy
Written by Douglas Wilson   
Thursday, 20 December 2012 07:59

"The tidy-minded think that a given intersection on the north end of town should have only one gas station. That would be efficient and would not be wasteful. And societies that have opted for central planning get one efficient gas station, the only problem being that it doesn't have any gas. The 'inefficient' system has four gas stations there, one on each corner, all have gas, and the price is significantly lower than all the efficient places that might have some gas. What makes this work?" (5 Cities, pp. 173-174).



Add this page to your favorite Social Networking websites
Digg! Reddit! Del.icio.us! Mixx! Google! Live! Facebook! StumbleUpon! MySpace! Yahoo! BlogRolling! Twitter! LinkedIn! TwitThis
 
Comments
Search
Only registered users can write comments!