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The Olympics accept gone calmly admitting — gasp! — America’s aggregation acid accouterment fabricated in China at the aperture ceremony.

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“I’m so upset,” said Senate Majority Leader Harry Reid. “Take all the uniforms, put them in a big pile, and bake them. … We accept bodies in the bolt industry who are atrocious for jobs.”

Here, Reid demonstrates bread-and-butter cluelessness. It seems analytic that Americans lose if American accouterment is fabricated overseas. But that’s nonsense. First, it’s no abruptness the uniforms were fabricated in China. Best accouterment is. That’s fine. It saves money. We advance the accumulation in added things, like the machines that Chinese factories buy and the trucks that address the Olympic uniforms.

The Cato Institute’s Daniel Ikenson’s adds: “We architecture accouterment here. We cast accouterment here. We bazaar and retail clothing. … Chinese athletes accustomed in London by U.S.-made aircraft, accomplished on U.S.-designed and -engineered equipment, abrasion U.S.-designed and -engineered footwear, accepting able their abilities application U.S.-created technology.” That’s chargeless trade. Barter makes us richer.

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While authoritative the clothes in America would apply some Americans, the balance amount would beggarly that the Olympic board had beneath to absorb on added articles — abounding of which are fabricated in America.

Losing jobs like cutting, bed-making and alive on a approach is a assurance of advance because alive in factories is unpleasant. It’s acceptable for best Americans back branch jobs are replaced by engineering and architecture jobs. Art Carden, an economist from Samford University’s Brock School of Business, explained that “one could altercate that the American uniforms were not bogus in China, but developed in the soybean acreage in Iowa. We consign soybeans to China. Because we’re abundantly advantageous in the soybean market, we get added uniforms at lower prices (and) the Chinese get added soybeans at lower prices. … Everybody wins.”

Contrary to protectionists like Sen. Reid, if we insisted that aggregate be fabricated in America, we’d be poor.

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There is so abundant that we anticipate we apperceive — that is not so.

We’re told that “overpopulation” is why countries are poor. But that’s nonsense, too.

“The botheration is not that there are too abounding people,” Carden said. “The botheration is that for the best allotment they don’t accept chargeless markets.”

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Right. They accept bad governments, kleptocracies that abduct people’s resources.

The abstracts accomplish that obvious. Poverty in Nigeria and Pakistan is generally abhorrent on “overpopulation.” Nigeria has 174 bodies per aboveboard mile! Pakistan 225! But so what? Wealthy Holland has 483 bodies per aboveboard mile. Hong Kong, 6,783. Singapore, 7,252. These are amid the richest places in the world. They additionally accept apple-pie environments. Back there is the aphorism of law and bread-and-butter freedom, added bodies agency added inventions, the cross-pollination of account — and that creates bigger lives.

Another allegory is that we’re active out of fuel. In 1977, Admiral Jimmy Carter said gas and oil would be gone in the abutting decade. Others said by 2000 or 2010.

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It didn’t appear because as oil and gas get expensive, bodies chase for substitutes. Back they are chargeless to accumulation by accomplishing that, they ad-lib new means to dig deeper, blot added oil out of the aforementioned wells, etc. America now has food of abundant added oil and gas than back Carter was president.

There are so abounding myths. I wrote my new book back I accomplished that the best alarming allegory is that solutions to our problems will best acceptable appear from government. It’s automatic to anticipate that the astute bodies in Washington apperceive added than we do. Therefore, they should plan our lives. But the adverse is true.

People freed to accompany their own interests are added acceptable to break problems. Government fails, but individuals succeed. Individuals would actualize abundance if politicians and bureaucrats got out of the way.

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It is time we saw through the big government scam.

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