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To: Tublecane

Oh, while I’m at it, Milton Friedman also gives a brilliantly simple disseration on how free trade allows for incredible efficiency in the markets, benefitting all consumers, and promoting peace among countries - while protectionism raises the cost of everything, reduces the efficiency of everything, and promotes bad feelings among countries.

Milton Friedman 4 Phyllis 0


4 posted on 01/23/2013 7:34:30 AM PST by C. Edmund Wright
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To: C. Edmund Wright

Trade can be believed to promote world peace as long as one assumes everyone has their price in terms of messes of pottage.

Reality is that this is not always true! And money itself is an amoral thing, a tool that can be used to do good or evil. And once actually idolized (a step in the spiritual dimension, into which economics can have no insight) it definitely becomes a root of all kinds of evils.


7 posted on 01/23/2013 7:40:22 AM PST by HiTech RedNeck (How long before all this "fairness" kills everybody, even the poor it was supposed to help???)
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