October 30, 2020

Gen Z Conservative

The thoughts of a young conservative on political issues relevant to all ages

free trade analogy

A Free Trade Analogy

Introduction:

This article doesn’t need to be a long one, the article and analogy speak for themselves. But, I thought that an article I read this afternoon would be a great one to share. It is about how if one hated calculus (or really any other class) in school then they should understand free trade. The article was written by John Tamney and is called If You Hated Calculus in School. Tanmney is also the author of The End of Work: Why Your Passion can Become Your Job.

Check out the article here: https://americanconsequences.com/if-you-hated-calculus-in-school/

Buy Tamney’s book here, on Amazon: https://amzn.to/2V8hvDP

Summary:

Tamney’s argument is simple, but effective. He states that if someone hated a class in high school, and now doesn’t work in that field, they should understand free trade. His argument centers around workers and how workers or businesses that specialize in a specific field are there to take the place of people who don’t want to work in that field, or couldn’t effectively work in that field.

Tamney then goes on to describe what trade deficits really are and how they work. He thinks that trade surpluses are a good thing because they show increased investment in an area. There would not be more goods, services, and workers pouring into an area if it wasn’t worth it. Trade deficits show that other countries recognize the opportunities for investment present in America and are taking advantage of those opportunities. After reading his article, I agree with him.

Analysis:

I really liked this article because of how informative but understandable it is. I am not great at understanding economics, yet I think that this article helped me gain a better understanding of trade deficits and surpluses. President Donald Trump is obviously against trade deficits. Usually I agree with him, but after reading this article, I think he may be wrong on that subject. I definitely need to read more about the issue before making a decision.

Anyone who is interested in trade, especially free trade, should read this article. Tamney explains his point without getting too into the weeds of the subject. A free trade analogy that is actually useful is hard to find. This one is useful for understanding the subject and it is an article that I would definitely recommend reading.

By: Gen Z Conservative


Links:

Read the article here: https://americanconsequences.com/if-you-hated-calculus-in-school/

Buy his book here, on Amazon: https://amzn.to/2V8hvDP

Read about the “Magic Formula of Economic Success” (which includes free trade) here: https://genzconservative.com/the-magic-formula-of-economic-success/

Make sure to Subscribe to stay up to date on great content, and donate if you’re feeling generous!

 
Learn more about RevenueStripe...
Morning Newsletter Signup

Subscribe now to get a conservative morning newsletter!

%d bloggers like this: