In June, the American Enterprise Institute launched a $50,000 video contest to illustrate the moral case for free enterprise.They have posted the finalists and the winners will be announced on 9 October.

I have put up the above video because it explains Say’s Law about as well as anything I could hope to. Watch Susie turn her desire for some object into an ability to buy it by first producing something herself. It also shows the crucial role of prior saving to finance investment.

[My thanks to Gab for drawing this to my attention and shame on me for not having seen it myself.]