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Bacon, Duct Tape, and the Free Market

Bacon, Duct Tape, and the Free Market

Posted on July 8, 2011 by Dan Mitchell

It’s hard to imagine how we would get through life without necessities like bacon and duct tape. But have you ever thought about how the free market gives you so much for so little?

Here’s a video that should be mandatory viewing in Washington. Too bad politicians didn’t watch it before imposing government-run healthcare.

And since we’re contemplating the big-picture issue of whether markets are better than statism, here’s some very sobering polling data from EurActiv.

A recent survey has found deep pessimism among European Commission staff on a wide range of issues, including the course of European integration over the past decade and the likelihood of success of the EU’s strategy for economic growth. Some 63% partially or totally agreed that “the European model has entered into a lasting crisis”.

This is remarkable. Even the statist über-bureaucrats of the European Commission realize the house of cards of big government is collapsing, yet politicians in Washington still want to make America more like Europe.


Economics Europe European Model free markets Internet Statism
July 8, 2011
Dan Mitchell

Dan Mitchell

Dan Mitchell is co-founder of the Center for Freedom and Prosperity and Chairman of the Board. He is an expert in international tax competition and supply-side tax policy.

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