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Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item … - Ilana Mercer
" "Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item I value less, for something I value more: a fee for the desired product or service. My trading partners, whose valuations are in complementary opposition to mine, reciprocate in kind. Ceteris paribus (all other things being equal), there's nothing wrong with my running a trade deficit with Costco, my hair stylist or my GTI dealer, as I do—just as long as I pay for my purchases. However, the data demonstrate that Americans, in general, are not paying for their purchases.
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About Ilana Mercer
Woman power Ilana Mercer is a South African-born American author, columnist, blogger and thinker. She has appeared on numerous radio, podcasts and television shows.
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Additional quotes by Ilana Mercer
The president's linguistic infelicities—a word salad, at times—have given the press popinjays and their Washington overlords the foothold needed to go after the president. Throw in the 'bad' habits of a businessman he has retained. Trump transacts with everyone—Russians too. We voted for deals, not wars. This is the sum and substance of President Trump's offenses. That, and beating Hillary Clinton to the White House.
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