A overnice merchandise epigram from David Henderson
Nothing new. It's inward Adam Smith. But nicely expressed. Economics needs skillful stories.
I don't intend Trump understands that when nosotros opened upwards merchandise to other countries, nosotros attain non merely equally exporters but equally consumers. But then, what U.S. politico running for president does? Marco Rubio? Rubio argued a few years agone that he would favour getting rid of quotas on carbohydrate imports if nosotros got something inward return. But nosotros create larn something inward return: it's called cheaper sugar. And getting cheaper sugar, past times the way, mightiness accept caused LifeSavers non to deed from Michigan to Quebec.David mightiness accept added, nosotros besides larn to a greater extent than exports automatically without political deals. When other countries sell us sugar, they larn dollars, of every unmarried ane ends upwards buying U.S. of A. exports or invested inward the US.
Nothing new. It's inward Adam Smith. But nicely expressed. Economics needs skillful stories.
