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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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 threadThanks. Twitter will use this to make your timeline better. UndoUndo
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here's a summary analysis https://twitter.com/normonics/status/1326537115090386945?s=20 … will have expanded arguments to come. life is more than data
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