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To: ClearCase_guy

>> Economics always involves Winners and Losers <<

No, your “zero sum” outlook couldn’t be more mistaken.

In fact, the most important proposition in all of economics, dating back at least to Adam Smith and carrying forward to modern thinkers like Milton Friedman and Tom Sowell, is that BOTH SIDES normally benefit from exchange transactions.


16 posted on 06/04/2018 6:56:02 AM PDT by Hawthorn
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To: Hawthorn

Absolutely right. I expressed myself badly and put forth a zero sum view which I do not actually hold.

But bottomline: tariffs are appropriate, even essential, in my view. Other nations game the system and we need to take steps to counteract their existing policies.


20 posted on 06/04/2018 7:07:47 AM PDT by ClearCase_guy
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