How the “Economics of War” Turns Goods Into “Bads”

Source: Money, Markets & Mischief
Published: May 26, 2023
Author: Mark Tier
Post Date: 2023-05-26 00:08:55 by Charles_Byrd
Views: 202

When the world is at peace, all countries are producing goods to trade with each other.

Trade makes everybody richer. For the simple reason that when you exchange goods or money with somebody else, you give up something you value for something else you value even more. Or you don’t make the trade.

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