A Quote by Jacob Rees-Mogg
Free Trade puts consumers at the centre of economic activity. It lowers the cost of imports, which gives people the opportunity to buy more with the same amount of money: domestic producers have to compete with the lowest global costs or invest in new business.
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I've always considered making it legal for Americans to import their prescription drugs a free-trade issue. Imports create competition and keep domestic industry more responsive to consumers.
The capitalist system of production is an economic democracy in which every penny gives a right to vote. The consumers are the sovereign people. The capitalists, the entrepreneurs, and the farmers are the people's mandatories. If they do not obey, if they fail to produce, at the lowest possible cost, what
I favor free trade in drugs for the same reason the Founding Fathers favored free trade in ideas: in a free society it is none of the government's business what ideas a man puts into his mind; likewise, it should be none of its business what drugs he puts into his body.
Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.
Obviously, consideration of costs is key, including opportunity costs. Of course capital isn't free. It's easy to figure out your cost of borrowing, but theorists went bonkers on the cost of equity capital. They say that if you're generating a 100% return on capital, then you shouldn't invest in something that generates an 80% return on capital. It's crazy.
Trade wars in which countries are then obliged to retaliate by raising their own tariffs against the initiator undermine growth and hurt consumers. Far from being expressions of strength they highlight the failure of the initiating country's economic sector to compete in the global market place.
Imports create competition and keep domestic industry more responsive to consumers. In the United States, we import everything consumers want. So why not pharmaceuticals?
Mississippi catfish producers deserve to compete on a level playing field with foreign producers, and, more importantly, American consumers need to be confident that the catfish they serve their families is healthy, safe, and free of dangerous chemicals.
Import and substituting imports with domestic production are a big opportunity. With a devaluation of the rupee, imports get expensive, and for Indian manufacturers, this creates a huge opportunity.
Because of free trade, producers across Missouri can compete at a global level, and - due to the quality and variety of goods our state produces - we have become very successful at exporting.
This is tremendous. The labels have been saying all along that they can't compete with free, but there is a way to compete with free: high value content that's virus- free and gives people the chance to be first in line to buy expensive concert tickets. This is like loyalty clubs at the supermarkets.
A successful economic development strategy must focus on improving the skills of the area's workforce, reducing the cost of doing business and making available the resources business needs to compete and thrive in today's global economy.
I believe investors should invest for the long run, so I don't buy and sell. I usually maintain the classic index of global equities, diversified U.S. and global and emerging markets, and when the risk is larger, I diminish the amount in global equities and put more into liquid assets - but very irregularly.
A cap and trade bill will likely increase the costs of electricity. . . . These costs will be passed on to the consumers. But the issue is, how does it actually...how do we interact in terms with the rest of the world? If other countries don't impose a cost on carbon, then we would be at a disadvantage. . . . We should look at considering duties that would offset that cost.
This country lacks the backbone and the spine and the will to demand fair trade and stand up for our products. If our producers can't compete, shame on us. Then we lose. But requiring our producers to compete when the game is rigged, saying our producers ought to compete, when foreign markets are closed to us, is fundamentally wrong.
When workers make more money, they respond by being more productive in their jobs and are less likely to leave, reducing turnover costs. This puts money in business' pockets, and workers also then have more money to spend in the local economy.
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