Galt’s Gulch Under Our Noses

Interesting piece on the underground economy down in San Antonio, Texas.

Many individuals tend to think that a Galt’s Gulch scenario could only be realized in some clandestine location, but that is not the case, it happens around us on a daily basis, and many of us could, and some of us do, participate in such an economy on a daily basis.  And is it not only drug dealers who are powering the human action of such an economy.

San Antonio, though, in addition to (and sometimes because of) our poverty, is engaged in a vast and diverse “shadow economy,” a bajillion financial transactions by countless folks whose necessities are paid for through means not accounted for by the GNP, not measured in the Dow Jones, and usually not registered with the IRS. Statistics for this shadow economy are, well, shadowy, involving as it does barely understood labor performed by sometimes-undocumented people with no written record of it ever happening.

I say more power to them.

NOTES FROM THE UNDERGROUND ECONOMY

Via The Transparent Life of a Happy Curmudgeon.

Posted by .(JavaScript must be enabled to view this email address) on 05/24 at 12:39 PM

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