And more fun facts... I am not sure of the point of this website, but it does offer all sorts of fun world trade facts... nose around and you'll see all sorts of things that would not make sense, unless of course you'd have been indoctrinated by me on small biz int'l trade. Gold and silver coins the fastest growing import... Garments from China are roaring back now that quotas have been dropped, nose around for more groovy ideas. The site bills itself as the latest intelligence focusse don comparative advantages, when in fact, in the real world, there is no such thing as comparative advantage, as defined in the economics books, "In economics, the law of comparative advantage refers to the ability... to produce a particular good or service at a lower opportunity cost than another party." What we buy and sell is almost always the result of politically meddling, not econmics laws. Who cars what the textbooks say, when USA taxpayers support frankenfarming, our gain is cheaper. End of theory.
Saturday, February 12, 2011
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