3 What Cayley Knows - Fair Play: What Your Child Can Teach You About Economics, Values and the Meaning of Life by Steven E. Landsburg - #lafavoladiingram #dazirazzisti #daziaffamatori
3 What Cayley KnowsRead more at location 210
Note: Protezionismo La fiaba della fabbrica nascosta. Chiudere i commerci sarebbe come chiudere le fabbriche + efficienti x' fanno concorrenza a quelle meno efficienti. Edit
free trade, like technological progress, might displace some workers but must make Americans wealthier on average.Read more at location 217
My favorite teaching tool is a fable based on a tale told by Professor James Ingram of North Carolina State University. It’s the tale of a brilliant entrepreneur who invented a new technology for turning grain into cars. The entrepreneur built a factory by the sea, surrounded its inner workings with secrecy, and commenced production. Consumers were thrilled to learn that the new cars were better and cheaper than anything Detroit had to offer. Midwestern farmers were thrilled when the factory ordered vast amounts of grain to feed into its mysterious machinery. There was indeed dismay among those autoworkers who had been trained in the old methods, but there was also a general recognition that technological progress, even when accompanied by growing pains, is on balance a very good thing. One day an investigative reporter managed to locate a disgruntled employee who revealed the entrepreneur’s great secret. The vast factory was hollow. The back wall opened out onto a shipping dock. Grain came in the front door and went out the back, where it was sent to foreign countries in exchange for cars.Read more at location 218
The shock of these revelations transformed the entrepreneur from a public hero to a public villain.Read more at location 227
Cutting off trade is exactly like closing the most efficient factories.Read more at location 229
Protectionism is wrong because it robs individuals of a basic human right: the freedom to choose one’s trading partners.Read more at location 242
Encouraging people to “buy American” is no different in principle from encouraging people to “buy white.”Read more at location 253
Note: RAZZISMO
