Cheaper Sugar
A dainty merchandise epigram from David Henderson
Nothing new. It's inwards Adam Smith. But nicely expressed. Economics needs skillful stories.
I don't intend Trump understands that when nosotros opened upward merchandise to other countries, nosotros hit non only equally exporters but equally consumers. But then, what U.S. pol running for president does? Marco Rubio? Rubio argued a few years agone that he would favour getting rid of quotas on carbohydrate imports if nosotros got something inwards return. But nosotros create larn something inwards return: it's called cheaper sugar. And getting cheaper sugar, yesteryear the way, mightiness convey caused LifeSavers non to deed from Michigan to Quebec.David mightiness convey added, nosotros equally good larn to a greater extent than exports automatically without political deals. When other countries sell us sugar, they larn dollars, of every unmarried ane ends upward buying USA exports or invested inwards the US.
Nothing new. It's inwards Adam Smith. But nicely expressed. Economics needs skillful stories.
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