It floats all boats. Inequally, but still. Also: Foolish protectionism, and development aid problems.— FTN DAILY EDITION #126, Economics and Business

frank mckenna

Celebrate diversity

Specialization makes us all better off.

Ryan Bourne for CapX:

A reliance on imports does not make an economy more at risk, because markets provide security in the same way that they provide other attributes of products which consumers consider valuable.

Why it would be madness to produce all our own food


Tell ole’ pharaoh, let my people go

Protectionism should be called destructionism.

Daniel Griswold for Foundation for Economic Education:

We find a way to move goods, services, and capital around the world faster, more efficiently, and at lower cost, only to watch the politicians in Washington throw sand into the gears by erecting artificial barriers to commerce.

Why it would be madness to produce all our own food


Development aid lacks business intelligence

When providing aid, it’s near impossible to determine the impact.

Charity-Joy Acchiardo for Foundation for Economic Education:

Should efforts be directed towards bed nets, or micro loans, or clean water, or vaccinations, or education, or … the list has no end.

Why it would be madness to produce all our own food


Equal Misery

When everyone is better off, inequality rises.

Ian Morris for Stratfor — Stratfor Geopolitical Intelligence:

Scheidel finds no example of a peaceable process able to put a dent in inequality that can rival the impact of mass mobilization for war, communist revolution, socio-economic collapse and pandemics.

Why it would be madness to produce all our own food

News for News

A proposal to make news subscriptions appealing again.

Frederic Filloux for Monday Note — Medium:

By and large, publishers have never bothered to do what airlines and other sectors have long been doing: adjusting their pricing dynamically based on what the market is willing to pay.

Why it would be madness to produce all our own food


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