Tuesday , June 25 2019
Home / Carpe Diem / The best sentence I read today… – Publications – AEI

The best sentence I read today… – Publications – AEI

Summary:
AEI The best sentence I read today… ……. is from Kevin Williamson writing in National Review — “Brexit: Deal or No Deal“: The great benefit of trade is the imports, not the exports — the politicians always get that wrong. Politicians including our own Protectionist-in-Chief, along with the general public, and even some “economists” like Peter Navarro. Here’s more from Kevin: For eons, kings, consuls, emperors, and khans undertook enormous pains to keep the trade routes open and to establish new ones, building everything from roads to navies to educational institutions (propagating the once-arcane sciences of accounting and basic finance) to enable the exchange of goods. It is a myth that the Romans salted the fields of conquered Carthage: They ate the grain Carthage grew, and only would

Topics:
Mark Perry considers the following as important: , , , ,

This could be interesting, too:

Mark Perry writes Venn diagram of the day….. – Publications – AEI

Mark Perry writes Is Google manipulating search results to promote a social justice agenda, prevent Trump re-election? – Publications – AEI

Mark Perry writes Chart of the day: Historical returns on stocks, T-bills & T-bonds, 1928-2018; the case for privatizing Social Security? – Publications – AEI

Don Boudreaux writes Protectionists from Plunderland and from Wonderland

AEI
The best sentence I read today…

……. is from Kevin Williamson writing in National Review — “Brexit: Deal or No Deal“:

The great benefit of trade is the imports, not the exports — the politicians always get that wrong.

Politicians including our own Protectionist-in-Chief, along with the general public, and even some “economists” like Peter Navarro.

Here’s more from Kevin:

For eons, kings, consuls, emperors, and khans undertook enormous pains to keep the trade routes open and to establish new ones, building everything from roads to navies to educational institutions (propagating the once-arcane sciences of accounting and basic finance) to enable the exchange of goods. It is a myth that the Romans salted the fields of conquered Carthage: They ate the grain Carthage grew, and only would have been starving themselves. They needed those imports.

In our time, we have stood that on its head, and as the merchants of the world bring the best of everything to our shores for our use and delight, our biggest worry is that they are not charging us enough money for their goods. These are dumb times.

MP: You might be a protectionist in these dumb times… if you worry that the merchants of the world who bring Americans the best of everything aren’t charging us enough money….. and complain about beneficent acts of charity and foreign aid for American consumers in the form of low prices, “dumping,” foreign subsidies (of American consumers), and currency manipulation (in our favor).

The best sentence I read today…
Mark Perry

Mark Perry
Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan’s Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.

Leave a Reply

Your email address will not be published. Required fields are marked *