The good professor at The Unbroken Window explains the value of middlemen. After reading his post, watch the disturbing video below. These people are asking (more likely, demanding) us all to live in the dark/middle ages.
[Be sure to listen to the podcast: Dr. Boudreaux on the Economics of "Buy Local"]
The Unbroken Window - From the Farm to Your Table?: "The existence of middlemen: distributors, wholesalers, processors, retailers, etc. is not evidence of inefficiency, but quite the opposite – it is evidence of efficiency. These are agents who have a relative skill at bringing buyers and sellers of products together. Heck, even the Farm to Table supporters know this – their middlemen include community magazines, farmers markets, even local restaurants."
Additional links:
Dr. Boudreaux on the Economics of "Buy Local"
Karen Selick, The Buy-Locally-Owned Fallacy
Buying Local
Friday, April 22, 2011
Farm To Table & Local Economies
Labels: economics
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