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To: khelus
"I have heard this aptly referred to as 'selling your seed corn'. "

Exactly. And then bragging that it's not a problem because sales are up.

62 posted on 08/03/2012 12:48:24 PM PDT by DannyTN
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To: DannyTN
"I have heard this aptly referred to as 'selling your seed corn'. "

Exactly. And then bragging that it's not a problem because sales are up.


ROFL
65 posted on 08/03/2012 1:09:10 PM PDT by khelus
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To: rurgan; DannyTN; Toddsterpatriot

The US economy was built on the principles of a free markets, private enterprise, and competition.

Free trade gives incentives to innovate. Goods and services flowing across borders foster new ideas and allow US producers to learn about the market through the failure and success of traded products. As they learn more, they are able to innovate to remain competitive.

Protectionist policies have the opposite effect. They give advantages to a very small group of producers that do not want to compete. Tens of millions of consumers, as well as smaller producers buying goods and services from the protected few, bear the cost of such protection by paying higher prices for lower-quality products.

Adam Smith and Milton Friedman both understood that free trade is beneficial to everyone.


70 posted on 08/03/2012 9:08:29 PM PDT by moonshot925
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