Tuesday, March 1, 2011

Musing of One Watching an Elephant and a Donkey Try to Communicate, with a Chicken Acting as an Interpreter and a Turkey Providing Refreshments

In these days of apparently unmanageable national debts, apparently unmanageable annual deficits, demonstrations for and against budget proposals, etc. it seems appropriate to call attention to the ancient Law of the Unrecognized Obvious. (Is that an oxymoron?)

Basically the law states that in the final analysis, the total price of anything sold- tangible or intangible- is made up entirely of compensation paid to individuals.

Think about it.
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4 comments:

  1. hatchersanMarch 17, 2011 at 12:16 PM

    Dear Mister Eiland,

    You are basically correct up until the very first stage of positioning the raw materials, animal, vegetable, or mineral, (especially mineral) onto the planet. Digging the minerals out of the ground or capturing fish from the sea require work and compensation - but the original existence does not. Just my "layman's response". Happy St. Patrick's Day! Dave Hatcher

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  2. Jim BunkerMarch 17, 2011 at 1:40 PM

    It is not an oxymoron, but is the ancient law of the Recognized Oblivious an oxymoron? Further, compensation for a product being sold is paid to the seller by the buyer, e.g. I buy health insurance and pay the insurance company. But don't you think someone else is getting paid as a result of my forced purchase? These other "recipients" of compensation partially reside in the Statists (a sub-set of the Recognized Oblivious)holding power in the government or their puppet masters. Thanks for making me think, Uncle Dent! Happy St. Patrick's Day! Jim Bunker

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  3. Mickey McIntoshMarch 18, 2011 at 5:53 AM

    I don't think most "all" of our leaders (?) know anything about any part of business...they have never had a job...how could they know? Thank you Sir.

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  4. AnonymousMarch 19, 2011 at 1:34 PM

    They did not tell us of the Law of the Unrecognized Obvious at the University of California at Berkeley in the Peoples' Republic of California. Also my professor for Economics during my freshman year at the university was distinguished by being a Belgian Marxist and spent the lecture hours ranting about his own ideological preferences, leaving the teaching to teaching assistants left in the lurch to fill in the educational gaps. We appreciate your insights.

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