How Markets are Like the Internet and Dinosaurs

Source: Garrison Center
by Thomas L Knapp

“Not too long ago, the prospects for a big Black Friday and Cyber Monday looked pretty bleak. Now, major retailers report recovering inventory levels while major auto-makers report a draw-down of the chip shortage that shut down assembly lines. Ships are once again getting unloaded, and shipping containers hauled to their destinations. Lest politicians attempt to take credit for the apparent recovery, let’s be clear: Government did nothing but get in the way, and is doing its utmost to remain in the way. This hopeful recovery is driven by market actors, doing what market actors do.” (11/18/21)