Middlemen, government, and the free market

Source: Future of Freedom Foundation
by Laurence M Vance

“Middlemen (sometimes called exchangers or merchants) have been much maligned throughout history as parasites, exploiters, and profiteers who add nothing of value to products and unnecessarily increase the cost of goods. Even the pickers on the television show American Pickers have been criticized for ripping people off by buying things dirt cheap so they can turn around and sell them for a huge profit. The phrases ‘cut out the middleman,’ ‘direct to consumers,’ and ‘factory direct’ are sometimes used in advertising by certain businesses. The idea is that without going through middlemen, goods consumers purchase from them are cheaper than they would otherwise be. It is just assumed that the goods would be of the same quality, and available in the same quantities as they are now. But is that how things really are?” (01/12/18)