26 June 2007

A free market success story

It is a rare but beautiful thing to have the opportunity to see the benign and all-knowing "invisible hand of the market" at work. Now we have such a chance. We only have to look to Afghanistan where farmers, freed from the restraints that the ousted Taliban government put on their crop choices, have identified a need for high quality opium products for the world market and they have responded admirably. This huge increase in supply will cause worldwide wholesale and retail prices to fall allowing for ever greater profit margins and greater access to these fine products for all consumers.

It just doesn't get any better than this. When you are walking down the street in Philadelphia, London, Sydney or Berlin and you see a young and obviously learning junkie shooting up in a doorway you will have a deeper understanding of the magnificent forces that made his or her transformation possible.

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