On Comparative Advantage and International Capital Mobility
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
“If each country specializes in its comparative advantage and trades with the other, the people of both countries gain.” ~Donald J. Boudreaux
“Someone who designs a better salad bar or who lays out a better floor plan for a grocery store might not think he’s feeding the poor, clothing the naked, or fighting food insecurity. But he is.” ~Art Carden
“Much has improved in race relations since Martin Luther King. But the same cannot be said of the laws governing labor markets.” ~Scott Drylie
“The noise from BRICS about creating their own reserve currency and abandoning the dollar is little more than noise. As irresponsible as the Fed has been, BRICS policymakers apparently want to inflate faster than even the Fed will allow.” ~Robert F. Mulligan
“Respect for the creators of ideas, and the words through which those ideas are conveyed in the literature, is the highest value we have in the academy.” ~Michael Munger
“The Dutch Republic was a common destination for a brain-drain of innovators from elsewhere: merchants from the south, bakers from Germany, Portuguese and Spanish Jews.” ~Joakim Book
“After a rough couple of rounds, inflation has come out swinging. It doesn’t have the legs for a knockout punch, but it remains a troublesome opponent.” ~Alexander W. Salter
“The best way to help those with lesser means is to provide them with more options. Dollar stores don’t create low-income households, they serve them.” ~Kimberlee Josephson
“The recent reduction in disinflationary pressures related to core goods, which had been a significant factor in easing price pressures in recent months, seems to have diminished.” ~Peter C. Earle
“At the end of the day, much of the Environmental, Social, and Governance movement rests on a pretense of knowledge. What’s worse, it puts the interest of the ‘collective’ over the wellbeing of individuals.” ~Paul Mueller
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