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Phillip Tussing's avatar

Just finished my lectures on Comparative Advantage and Trade, which are always my favorite topic, and now are so depressing, because of the extent to which both tribes reject the obvious benefits of trade. I mentioned, as usual, North Korea and its national ideology of "juche" or "self-reliance", and the problematic consequences, and Mahatma Gandhi, and his abjuration to his followers to twist their own thread, and weave their own cloth, and how we would all starve to death if we did that, and how ONE THIRD of all global economic growth between 1947, when the GATT was formed, and 2010, when China joined the WTO, came SOLELY from Comparative Advantage and Trade. And I also pointed out that labor migration for work has EXACTLY the same enormous benefits as trade in promoting economic growth. And I told my students to pay attention, and carry the banner of FREE TRADE to the world...

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Antowan Batts's avatar

I would not be surprised if in a few weeks the administration grant specific companies a waiver for the fees stating that they are critical to infrastructure or something like that. I doubt Google or Apple would ever pay this.

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