“Luddites” Way to go Mr. Boudreaux! How to win friends and influence people. He is partially right about advances in technology and innovation leading to increased production but that isn’t the whole of the story.
Further, his analogy of two means of auto production - Detroit (simplistically) and Iowa (grain) - where the grain goes out on ships and comes back on cars is also rather Ludd-ish in nature. It neglects taxpayer subsidies to corporations, entitlement payments to displaced potential autoworkers, and a host of other things.
It’s nice to sit on your keester in a college or university and wax professorially about how the manufacturing world works but the waxing would carry more weight if he ever manufactured anything but words and papers published.
“It’s nice to sit on your keester in a college or university and wax professorially about how the manufacturing world works but the waxing would carry more weight if he ever manufactured anything but words and papers published.”
Bravo!
When dealing with complex topics - the easiest (and laziest) thing to do is to simply “remove all variables” and simply declare that your model is correct.
Free, fair trade is a simple concept. It doesn’t require complexity, or name-calling.
” He is partially right about advances in technology and innovation leading to increased production but that isn’t the whole of the story.”
That’s an understatement.
He completely ignores unlimited, unbridled immigration, for one.