« Optimism Quickly Fading | Main | Doh!» Don Boudreaux
September 19, 2008
The Costs of Protectionism
Russell Roberts
This video from the Onion (rated R for language) brilliantly captures half of the economics of outsourcing. It misses the fact that by allowing jobs to be done more cheaply abroad, there are gains to Americans from lower prices helping to increase our standard of living. But, hey, it's only two minutes and seventeen seconds. I should be so efficient. (HT: Noah Silbert)
Posted by Russell Roberts in Work | Permalink
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d834518ccc69e2010534b21702970b
Listed below are links to weblogs that reference The Costs of Protectionism:
Comments
That is classic! I think it ranks up there with the economic losses the Onion mentioned in the Anti-Bush-Merchandise Market Collapse
Posted by: colson | Sep 19, 2008 10:40:37 AM
"Yes we can!"
Posted by: K Foster | Sep 19, 2008 11:00:55 AM
Trust an Onion to make you laugh until your tears well up.
Posted by: Frederick Davies | Sep 19, 2008 11:40:41 AM
The comments to this entry are closed.
