Monday, April 07, 2008

The Market: turning waste into a resource

Latest post of mine over at the Blog at Mises.org.












The Market: turning waste into a resource


It's the market that turns waste into a resource, not government-mandated recycling.

According to TwinCities.com:

Jimmy Robbins II of Robbins Lumber in Searsmont said it's gotten to the point where wood shavings, which are popular with horse farms, are worth more than the lumber.

"We use every part of the tree. Everything is consumed," Robbins said. "It's become so valuable you can't afford to not sell everything."
Oh, and it's the market that enforces conservation of value, whether the item is gold or sawdust.

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