Economic freedoms make for a more prosperous people according to the article sited in last Friday's post. How does freedom to own and manage your property, to trade with whomever you wish, do this? That question could stump a lot of people.
Economist Dr. Anne Bradley explains it in this article, "Free Trade Frees Us - and the Poor - for Better Things."
"To focus on your comparative advantage, you do not try to do everything. You specialize by producing what you are relatively better at making compared to others, and then trade for what you are relatively worse at . . .
"Free trade frees me up to do other things: the things that I am relatively better at doing. It does the same for you . . .
"Left entirely to our own devices, most of us would be either dead or rubbing sticks together in a cave somewhere . . .
"The lack of free trade keeps the poor in chains."
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