It would appear that Joe Biden has been reading The Tuttle Twins and the Miraculous Pencil… If not our version, perhaps the original essay that inspired it: I, Pencil by Leonard Read.
Or maybe he just caught Tuesday night’s premiere of the 3rd Tuttle Twins Cartoon episode, which happened to discuss how pencils are made…
At any rate, in a press conference yesterday, the President blamed our current supply chain problems on the complexity of the manufacturing economy.
“Even products as simple as a pencil can have to use the wood from Brazil, graphite from India before it comes together at a factory in the United States…That’s just the nature of the modern economy,” he proclaimed from his podium.
And he’s right!
The modern economy is beautifully complex. It relies on the voluntary action of millions upon billions of people, each acting in their own self-interest.
Unfortunately, judging by the end of this speech, you can tell Biden didn’t stick around all the way to the end of the book. Or essay… Or children’s cartoon.
Rather than calling for reduced regulations, ending lockdowns, and embracing the incredible power of freedom, Biden called for further government control of the economy through increased spending at ports, along with his “Buy American” agenda.
While this plan might sound nice—there are plenty of reasons to want to support American businesses and get ports moving—government spending never works the way it’s intended to. Remember, these multi-trillion-dollar policies are paid for by printing money, which waters down our hard-earned savings.
If you’ve been in a grocery store, bought a car, or paid for a service lately, you don’t need me to tell you that inflation is becoming harder and harder to ignore.
We have to remember that no matter how bad the situation is with our ports, our shipping, our holiday gifts… printing more fiat money to throw at the problem isn’t going to help.
If you want your kids to learn the economic realities that Joe Biden clearly didn’t, you can always pick up a copy of the Tuttle Twins and the Miraculous Pencil… Just make sure they read it all the way to the end, unlike our Commander-in-Chief.
Or, even better, you can pick up an entire set of our books: all our book bundles (for kids, toddlers, and teens) are on sale today in honor of Veteran’s Day! Just type in coupon code VETERAN at checkout for your discount. Here’s our full product list.
It might be too late to educate our current President on how the economy works, but that doesn’t mean we can’t teach a future President in the meantime.
Until next time…