Thursday, August 8, 2013

TV News Revelation: Imports Are Good (VIDEO)

This CNBC piece is unquestionably great, and they deserve major props for running it.  But my favorite part is, without question, the concluding "wow" from the anchor who works for a business news network yet acts as if the idea that imports are actually good for the US economy - a fundamental tenet of market economics that has decades of empirical support - is some sort of grand revelation.

Wow, indeed.

Of course, given the hackish trade stuff that pervades the mainstream media (*cough*ABC*cough*), perhaps the CNBC anchor here can be forgiven for being surprised by basic trade economics.

Hopefully, more pieces like this will occur and cause people of all stripes to finally understand just how dumb (and immoral) mercantilism and protectionism are.

But I'm not holding my breath.

1 comment:

Anonymous said...

Yes, imports are good; exports are even better.