If free trade is so bad, why not punish the Chinese by declaring free trade with them?
It's sad that some people in 2016 invoke in the absurd concept of "Balance of Trade" http://www.econlib.org/library/Bastiat/basEss13.html …
-
-
his wine & coal example seems wrong. He sent wine to England and received 70 fr. He then sent 70 fr and received coal.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
thus in fact the international part of the trade was equal. He made his profits within France.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
the problem of balance of trade is not in profit — the goods&money are worth the same even in completely one-way trade
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
the problem lies in the cash. If France sells to England but not the reverse, where will the English get the franks?
- 4 more replies
New conversation -
-
-
or conversely, if the payment is made in pounds, where will the French seller spend his pounds?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.