The transmission went kaput on my 2003 Odyssey van last week. We decided to repair it rather than going through all the necessary evil in getting a different vehicle. My repair notwithstanding, I still place a lot of faith in Honda vehicles.
Together with some other work (timing belt, engine mounts, etc) I’m now $6,500 poorer, and I’m left with the same van I had before the breakdown. There are some that might say this unfortunate event stimulated our economy. Let’s examine this thought.
Yes, it’s true that Benson Honda is now $6,500 the richer (using simplified accounting for the sake of brevity), and for the job Benson hired a worker to perform the labor. I’m certain many others were involved in the repair, such as the delivery truck driver who transported my new tranny in from Dallas and the service man who kept me informed of the progress. Certainly many others were involved; in fact, too many to name here. This is what is seen, but what about the unseen.
At the end of the day, I’m left with a functioning van, and nothing for the better. I’m simply made whole again, and my bank account is $6,500 lighter. Here’s the unseen. The trip I was planning this summer to San Francisco is now on hold. The new landscaping for my home – also on hold. Braces for my kid – now on hold (sorry, KED!). I had planned many things with this money, some for leisure and some for improvements, but now all is vanished.
Destruction does not create wealth, and for those who see economic prosperity in such, well then ~ as Frederic Bastiat would say, they fail to consider the unseen. In some ways, I believe the current Administration is applying this same thinking to so-called Green Energy. They are attempting to destroy the fossil fuel industry and replace it with “Green Energy”. Many believe millions of jobs are waiting to be created and this is certainly possible. But it will come at the expense of great destruction.