Submitted by CARPE DIEM

That’s the biggest lesson I’ve learned in 35 years of consumer reporting: The market performs miracles so routinely that we take it for granted. Supermarkets provide 30,000 choices at rock-bottom prices. We take it for granted that when we stick a piece of plastic in a wall, cash will come out; that when we give the same plastic to a stranger, he will rent us a car, and the next month, VISA will have the accounting correct to the penny. By contrast, “experts” in government can’t even count the vote accurately.

That’s why I talk about market magic.

~John Stossel

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