The Miracle of the Market
By Jacob Hornberger
In preparation for the two recent back-to-back blizzards, D.C. residents were emptying the shelves of neighborhood grocery stores. Notwithstanding the pre-blizzard panic buying, what’s interesting is that no one was freaking out about whether the stores would be adequately stocked after the blizzards.
After all, think about it: there is absolutely no government planning that goes into what is stocked in grocery stores. No federal Department of Food. No local or state planning commission. No grocery boards. No bureaucrats or bureaucracies. No laws requiring grocery stores to be well-stocked. No rules and regulations dictating how much of each food item, including bread, milk, and chicken, needs to appear on the shelves.
So, how in the world do grocery stores get stocked without government planning or direction? How is it that so much food appears, almost by magic, within a day or two after most of the shelves have been emptied? Indeed, how do grocery stores manage to have more than enough food for people throughout the year given that no government department or agency is doing the planning and issuing food directives?


