A overnice merchandise epigram from David Henderson
I don't intend Trump understands that when nosotros opened upward merchandise to other countries , nosotros hit non simply equally exporters but equally consumers. But thus , what U.S. pol running for president does? Marco Rubio? Rubio argued a few years agone that he would favour getting rid of quotas on saccharide imports if nosotros got something inward return. But nosotros produce instruct something inward return: it's called cheaper sugar. And getting cheaper saccharide , past times the trend , powerfulness accept caused LifeSavers non to deed from Michigan to Quebec.David powerfulness accept added , nosotros likewise instruct to a greater extent than exports automatically without political deals. When other countries sell us saccharide , they instruct dollars , of every unmarried 1 ends upward buying USA exports or invested inward the US.
Nothing new. It's inward Adam Smith. But nicely expressed. Economics needs skillful stories.
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