Friday, December 26, 2008

Free Market Economics at Christmas

  • Kevin Schmiesing, Ph.D., reminds us that the "system of free exchange... is not an exercise in selfishness, but the practice of properly ordered self-interest, which is of necessity tempered by the wants and needs of others" — Selfless Giving and Tempered Trading.

  • "In two thousand years of celebrating Christmas, tributes today to the owner of the inn are absent," says Llewellyn H. Rockwell, Jr., decsribing his as "the fate of the merchant throughout all history: doing well, doing good, and forgotten for his service to humanity" — The Economic Lessons of Bethlehem.
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    Omnes Sancti et Sanctæ Coreæ, orate pro nobis.