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To: mlo

So, if you run a fruit stand, you’re ahead if you buy more goods than you sell? That doesn’t makes sense to me.


17 posted on 02/07/2017 9:25:50 AM PST by xzins (Retired US Army chaplain. Those who truly support our troops pray for their victory.)
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To: xzins

It makes perfect sense. It’s not really possible to do, but if you could do it, you’d be in heaven.


19 posted on 02/07/2017 9:28:34 AM PST by Lord Castlereagh
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To: xzins
So, if you run a fruit stand, you’re ahead if you buy more goods than you sell? That doesn’t makes sense to me.

How about you, specifically? Do you buy more goods then you sell?

26 posted on 02/07/2017 9:59:36 AM PST by 1rudeboy
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To: xzins
"So, if you run a fruit stand, you’re ahead if you buy more goods than you sell? That doesn’t makes sense to me."

If you can buy more goods than you need from what you sell, then you're ahead.

37 posted on 02/07/2017 11:08:07 AM PST by mlo
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To: xzins
So, if you run a fruit stand, you’re ahead if you buy more goods than you sell? That doesn’t makes sense to me.

That's free trade. You just finance the difference with a mortgage on your house. What's the problem?

47 posted on 02/07/2017 12:03:25 PM PST by AndyJackson
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To: xzins

That isn’t Friedman’s point. His point is that if you sell three apples and get back ten lemons you are better off that if you sell three apples and get back eight lemons. He is talking about the terms of trade in a free market not necessarily in state managed trade.


56 posted on 02/07/2017 1:04:24 PM PST by arrogantsob (Check out "CHAOS AND MAYHEM" at Amazon.com.)
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To: xzins
So, if you run a fruit stand, you’re ahead if you buy more goods than you sell? That doesn’t makes sense to me.

That Friedman quote makes sense in feudal Russia where the serfs were forced to grow food for the nobles to sell to someone else with the serfs gaining no advantage and not enough to eat. In a modern economy we're depriving ourselves of nothing due to exports. Are we all driving 40 year old cars because American auto companies want to sell some overseas? Are we going hungry because other countries buy our wheat?

59 posted on 02/07/2017 1:13:14 PM PST by pgkdan (The Silent Majority Stands With TRUMP!)
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