ehhhh .... trade creates gains, and comparative advantage suggests that your neighbors are unlikely to have comparative advantage in 99% of the things that you buy, so buying locally doesn't enrich your neighbors OR you ; it just makes everyone poorerhttps://twitter.com/normonics/status/1326527560386285568 …
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5/ If you want to help the common man, you don't do it by keeping his salary flat and doubling the cost of every single thing he wants to buy. That's Wrath-of-Gnon style retardation.
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6/ Same. I raise my own meat. ...but God help people if everyone had to do that, or buy meat raised within 50 or 100 miles.https://twitter.com/axelpopaxel/status/1326534687708250114 …
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7/ I don't claim them as "calculations", but as suggestive numbers. I continue to suggest that they are approximately correct. Economists have fairly well proven that prosperity correlates with size of a trade area, no? Happy to read dissenting datahttps://twitter.com/normonics/status/1326536352209330177 …
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8/ also - and I think that
@normonics gets this - he and I broadly agree that (a) trade is generally good, (b) in the extreme limit, it can cause dislocations, unemployment, and societal problems. We're quibbling about the location of the margin.https://twitter.com/normonics/status/1326537635251200000 …Show this thread
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So true, good amount of SV Fang people are clueless. 90% work is done by 5% of people
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