Crowding Out

I nice cartoon over at Cafe Hayek (HT Not PC)

Of course in reality it's much worse than this. There's a gun pointed at the head of the private individual, there are a dozens of middlemen siphoning off yarn before it gets to Obama, and more than likely Obama would be knitting some misfit item such as a single sock or glove.

(For more thoughts you can see my editorial: Misconstruing the Cause of Waste)