Free-Market Wisdom From A Fashion Designer to the Rich and Famous!

For those who wrongly think that I can never say anything nice about the Obamas, let me put political calculations aside for a moment.  Last week, while visiting the UK, Michelle Obama was simply gorgeous.  Fashionistas throughout the realm proclaimed that the first lady of the US was more radiant than both the queen and the future queen, Kate Middleton.  Thank you, Mrs. Obama.  You seem to have done a lovely job on behalf of the nation.

Now back to political realities.

The gorgeous white blouse that has been subjected to so much analysis was acquired at a cost of $6800.00.  I don’t care.  I also don’t care that Ann Romney recently wore a $900.00 shirt.  If it’s their money, I’m not going to waste my energies wondering how best they should spend it.  Those who hate Michelle complain about her and those who hate the Romneys complain about Ann.  There are lots of double standards out there, and they come from both sides of the political divide.

I’m just happy to note that somebody else out there is beginning to understand how the free market works.  As the complaints and the praises for Michelle began to accrue, self-described “fashion machine, celebrity stylist, and tastemaker” Robert Verdi gave the nation a lesson in free-market values.

“She isn’t just wearing a $6,800 jacket,” he said, “she’s supporting the commerce of the nation.”  It’s certainly good to see that Mr. Verdi appreciates economic liberty.  But he went even further with his comment.  “It’s not wasteful, it’s inspiring: It’s a New York company — selling a product made in the US at places like Saks — and it helps the tailor and the little dry cleaner on the corner stay in business.”

We can only hope that Mrs. Obama’s husband will hire the guy as an economic advisor.  Most Americans certainly can’t afford a $6,800.00 blouse–or even a $900.00 shirt.  Darned few of us can afford a taylor anymore.  Occasionally we might take an article of clothing “to the little dry cleaner on the corner,” but I wonder how many of those have closed because of ridiculous government regulation?

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2 thoughts on “Free-Market Wisdom From A Fashion Designer to the Rich and Famous!

  1. I will say this about the dry cleaners on the corner – Many of them are also closing because fewer and fewer people wish to invest in items that must be dry cleaned. My generation in particular owns almost no article of clothing that can’t be thrown into a washing machine. This is a basic, free market reason many of them are going out of business.

    • Duncan, I can’t disagree with you there! That’s how the market works. As people purchase fewer and fewer items that must be dry cleaned, we have need of fewer and fewer of those establishments. The creative owners will expand their services and the rest will close. That sounds heartless, but services and products that are not wanted must either be discontinued or must find a special market niche where they can continue.

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