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I used to believe in protectionism. Several users here tried to persist me to abandoned it, but they did not take me seriously. But after reading Milton Friedman, I can say that I am absolutely convinced that protectionism is nonsensical > this is because the foreigners don't sell goods for dollars...
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This is simpler version of my recent post on the implications of Chinese buying Australian agricultural land. Question: Should foreigners be allowed to by U.S. farming land etc. What are the economic arguments (and morale ones) for and against this? Is this considered an investment from the U.S. perspective...
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1. In an anarchist society, people would naturally band together under social contracts, protect each other, and possibly hire security companies if needed. And as the poster above me noted, it would be profitable for another company to jump in and help the "underdogs" for a greater amount...
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Controllers are also producers, we're all producers and consumers. Class warfare is not neaded for exchanges. Competition is to be strived for to increase the welfare of the aggregate. You can plan for competition, but fail when you try to plan against it. The failure results in means, and from the...