–
Tony Katz points out that Biden unknowingly commended capitalism which contradicts what his party is seemingly against.
“Why does your party resent Capitalism that allows us to get the pencil for a trifling sum? You yourself have just explained that it’s capitalism that allows pencils to exist in the first place…if you have a party that’s hell-bent on saying Capitalism is bad and Capitalists are evil, you don’t get the pencils at all.”
March 12, 2021
President Biden c/o The White House
1600 Pennsylvania Avenue NW
Washington, DC
Dear Mr. President,
Did the government create the pencil or did the private market do it’s magic to make it happen?
The Real Version of “You Didn’t Build That”
November 15, 2012 by Dan Mitchell
Regarding Obama’s “you-didn’t-build-that” comment back in July, I explained why that attack on entrepreneurs and small business owners was misguided.
And I also shared some humorous cartoons on the topic.
But it is true that no entrepreneur produces a product without help from many others. But what the President apparently doesn’t understand is that almost all of the real help comes from voluntary and decentralized exchange in the private market.
This CEI video is a good introduction to this spontaneous process
I, Pencil: The Movie
Published on Nov 14, 2012 by IPencilMovie
A film from the Competitive Enterprise Institute, adapted from the 1958 essay by Leonard E. Read
__________
And if you want to look at the topic from a different perspective, this video helps to explain how we often get much more than we pay for in a competitive market economy.
There’s also a moral argument presented in this video from the American Enterprise Institute.
Needless to say, Walter Williams is always worth reading to understand the difference between markets and statism. And here’s some good real-world evidence about the benefits of better policy.
________
Thank you so much for your time. I know how valuable it is. I also appreciate the fine family that you have and your commitment as a father and a husband.
Sincerely,
Everette Hatcher III, 13900 Cottontail Lane, Alexander, AR 72002, ph 501-920-5733
Williams with Sowell – Minimum Wage

Thomas Sowell
Thomas Sowell – Reducing Black Unemployment
—-