November 29, 2005
But the Union says it's bad!

Who knew international trade could help domestic businesses?
For those who don't know, Shreveport has a large number (if my classes are representative) of trade protectionists, people who are more than eager to challenge me when I try to argue the benefits of free international trade, outsourcing, etc.

So, it was great to see this story in our local dog trainer today.

For those without patience, "Bell Machine Co. Inc., a Shreveport manufacturer, will announce hundreds of new jobs for skilled workers this morning. The jobs are the result of an international trade contract and extend beyond the 150 positions the company announced a few weeks ago."

The last line: "I think it goes back to supply and demand and the fact that Bell Machine has a reputation for quality. The company is well-run, and that was realized by this company that's coming."

Doesn't it all go back to supply and demand?

Posted by Tim Shaughnessy at 12:59 PM in Economics  ·  TrackBack (0)

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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