Wednesday, October 29, 2008

The Double 'Thank-You' Moment -- RealClearPolitics

Excellent reminder from John Stossel.

"Economists have long understood that two people trade because each wants what the other has more than what he already has. In their respective eyes, the things traded are unequal in value. But this means each comes out ahead, having given up something he wants less for something he wants more. It's just not true that one gains and the other loses. If that were the case, the loser wouldn't have traded. It's win-win, or as economists would say, positive-sum."

RealClearPolitics - Articles - The Double 'Thank-You' Moment

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