Motley Fool Money cover image

Heading towards a per-capita recession. June 9, 2023

Motley Fool Money

00:00

The Importance of Trade

I think you've got to go back to this idea that trade is an act of economic mutual benefit. I'm not going to do the trade with you unless one of you's got a gun, right? We're only going to exchange, we exchange because each of us feel as though we're better off after the fact,. And it's the same at the country level. So if I can dig this up and you can make it and we all get more for less, we all play to our strengths, it's actually a good thing. It actually fosters peace in the world. Despite our very conundrum now, wait, see what happens when they give entrepreneurs proper incentives - but

Play episode from 44:02
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app