John Tamny on Economic Lessons From D.C.'s Social Safeway Re-Opening

NEW STATE-OF-THE-ART LIFESTYLE STORE HAS ARRIVED

DURING ITS yearlong reconstruction, the trade deficits that Washington, D.C. residents held with the "Social" Safeway plummeted. To conventional economists this would be a good thing, but the Safeway example reminds us once again how alleged trade "deficits" are our reward for being productive, not to mention how deprived and impoverished our existence would be absent the ability to trade freely. The redone Safeway also clarifies why modern definitions of inflation and deflation are a perversion of the true meaning of both.

What D.C.'s Social Safeway Tells Us About Economics

There's absolutely nothing that could get me back to shopping at the Social Safeway on Wisconsin when I'm in D.C. even in its newly minted form.Not produce, not sushi, not wine. That's because I loath the traffic, now much preferring the wide open spaces (a joke) of the older, unglamorous Safeway on MacArthur Blvd, west of Georgetown. Anyway my favorite Social Safeway checker has moved to MacArthur so we get to visit and gab like we always did. I also frequent Whole Foods on River Road. Still, Tamny's points are well taken and I do hear the new SS is stunning and the photos collaborate that.