ECONOMICS: Never thought of a cargo ship that way

Tuesday, April 17, 2018

http://www.economicpolicyjournal.com/2018/04/whos-we.html

SATURDAY, APRIL 14, 2018
Who’s the “We”?
Donald J. Boudreaux

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You’ll say that the “we” is Americans – to which I say that our capacity as Americans to make all these marvels has emphatically not been dismantled.  We do make them, sometimes directly and other times in a roundabout way.  But always we make them.  As the economist David Friedman points out, we Americans have an ingenious machine for transforming the corn that we grow in Iowa into automobiles that we drive.  That machine is called a “cargo ship.”  Into the ship we put corn and, a few days later, out of the ship comes automobiles.  We make cars by making corn.  This production process is akin to every other production process: mix various inputs together to produce something different and greater than the sum of its parts.

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Now that’s an insight.

And the Gooferment should get out of the way of “we” filling up the outbound ships with “stuff”!

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