Free Trade and Protectionism

[LucisFerre1]

Part II When I buy a cheaper yet identical foreign product, I have money left over to spend at the local store. That creates domestic jobs. Why have 300 American employees manufacturing $15.00 ballcaps when we can have 300 American employees importing many more $5.00 ballcaps? The latter helps America's poor more than anyone else by increasing our standard of living.

[LucisFerre1]

@LucisFerre1

Part I

When you realize that we trade cash for imports, and we PROFIT in that transaction, that we and our nation are increasing our wealth with each rational profitable transaction. In that example, we're exporting cash and importing goods that are cheaper than we can manufacture them ourselves. That's a net gain in wealth. The same principle applies to "exports".

[Pinups2Showboats]

Telling the truth is easy, getting people to understand seems impossible, but thanks for telling it.