P. J. O'Rourke Quotes About Trade
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It doesn't matter how many televisions and computers and pieces of stereo equipment the Chinese send to us, even if they're sending them to us only in return for some funny, little, green pieces of paper. That is a balanced trade. They got what they wanted: the green pieces of paper. We got what we wanted: the plush toys, the computers, the stereo components.
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Whenever government proposes to get involved in the regulation of trade, just be very, very careful about who's behind this proposal, what their motives are.
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I've never been able to get it straight about what these people who are worried about the trade deficit are worried about. When they say that we're buying too much from overseas, that we're sending too many dollars overseas to get all these goods and services they got, they're saying that the American dollar is too strong and that is hurting our economy. And the result of this will be that the American dollar will get too weak, and that will hurt our economy.
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Any trade that is voluntarily made is mutually beneficial, by definition, and, indeed, is balanced, by definition.
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Self-interest leads to honing your skills, the better to trade with.
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There's no such thing as a trade deficit.
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Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.
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...let's talk about soccer scores. There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency and scoreless sports ties are boring.
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Apparently Bolivia is the key source of lithium in the world. So we're gonna trade the Saudis for the Bolivians.
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