A Quote by David Autor
Trade may raise GDP. But it does make some people worse off.
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The Donald Trump trade doctrine is this. America will trade with any country, so long as that deal meets these three criterion: You increase the GDP growth rate, you decrease the trade deficit, and you strengthen the manufacturing base.
We may know that the work we continue to put off doing will be bad. Worse, however, is the work we never do. A work that’s finished is at least finished. It may be poor, but it exists, like the miserable plant in the lone flowerpot of my neighbour who’s crippled. That plant is her happiness, and sometimes it’s even mine. What I write, bad as it is, may provide some hurt or sad soul a few moments of distraction from something worse. That’s enough for me, or it isn’t enough, but it serves some purpose, and so it is with all of life.
There does not have to be trade-off between growth and social protection. A democracy does not mean much if it doesn't respond to the needs and will of its people.
I think we must fully face the fact that when Christianity does not make a man very much better, it makes him very much worse... Conversion may make of one who was, if no better, no worse than an animal, something like a devil.
But obviously, we can't afford to make some bad long-term decisions with regard to basic commitments our country has - trade those away for some short-term assistance that may or may not be there a month from now.
Some people think that in order to lead a morally decent life one may sometimes have to forego the possibility of having a good life oneself. Even if that is true, it does not render morality incredible, but it does raise a question about morality's authority: about what one has most reason to do when one is faced with a conflict of this kind.
You now have learned enough to see That Cats are much like you and me And other people whom we find Possessed of various types of mind. For some are sane and some are mad And some are good and some are bad And some are better, some are worse ? But all may be described in verse.
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
When government takes away options, it is bound to make some people worse off, even with intrinsicallly good intentions behind that government intervention.
If you are moving the informal economy into the formal economy, and if the transactions which for years were never reported as part of GDP are now transacted through banking channels, it will only add to the GDP, not reduce the GDP.
That thought process that somehow other people have to be worse off in order for you to be better off does not work. People get on boats people jump fences to get away from that kind of thought process.
Trade is very good for the country. It's very good for the GDP. It's good for wages, but it doesn't mean it's always good for every business. So we should have trade assistance, which is about relocation, re-education, and training.
People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty or justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.
People feel like using the word 'joke' removes responsibility for the hurt their words may cause. It doesn't; in fact, it may make things worse.
To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.
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