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The United States has a large enough internal economy and enough natural resources that it would do just fine without a single penny of import or export of good
by mordant 10y ago
The United States has a large enough internal economy and enough natural resources that it would do just fine without a single penny of import or export of goods or services taking place.
Specific oxes would be gored, but it would be a wash, overall.
- dragonwriter 10y agoNo, it wouldn't. Comparstive advantage (and thus, gains in experienced utility from trade) is real.