Monday, March 9, 2009
Proof That God Loves Us...And Wants Us To Be Capitalists
Reason.tv has a great new video up chronicling the development of the beer industry over the years since Prohibition, highlighting how that industry has acted as a microcosm of the broader economy. Especially since the 1980s, when microbrews came onto the scene en masse, consumer choice has increased exponentially. No more tough barstool choices between Coors, Miller, and Bud; instead, there are now literally thousands of brews for the discerning tongue to choose from, with more entering the marketplace every year. Assuming, that is, that we all don't go the way of Oregon.
In a brief aside, Don Boudreaux published an incredibly interesting article a while back on how the introduction of the income tax made Prohibition a real possibility. Boudreaux is an economist at George Mason University and co-author of the blog Cafe Hayek.