@yapstone.bsky.social
Reposted
10/10
Economists insist that "free trade" benefits a country whether or not its trade partners engage in free trade, but that's only because they assume balanced trade. Few understand that the arithmetic of comparative advantage only works when exports are used to pay for imports.
Economists insist that "free trade" benefits a country whether or not its trade partners engage in free trade, but that's only because they assume balanced trade. Few understand that the arithmetic of comparative advantage only works when exports are used to pay for imports.
November 16, 2025 at 5:56 AM
10/10
Economists insist that "free trade" benefits a country whether or not its trade partners engage in free trade, but that's only because they assume balanced trade. Few understand that the arithmetic of comparative advantage only works when exports are used to pay for imports.
Economists insist that "free trade" benefits a country whether or not its trade partners engage in free trade, but that's only because they assume balanced trade. Few understand that the arithmetic of comparative advantage only works when exports are used to pay for imports.