“Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial relationship, I give up an item I value less, for something I value more: a fee for the desired product or service. My trading partners, whose valuations are in complementary opposition to mine, reciprocate in kind. Ceteris paribus (all other things being equal), there's nothing wrong with my running a trade deficit with Costco, my hair stylist or my GTI dealer, as I do—just as long as I pay for my purchases. However, the data demonstrate that Americans, in general, are not paying for their purchases.”

— Ilana Mercer

"Trump and Trade," http://praag.org/?p=21936Praag.org, March 12, 2016.
2010s, 2016

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Voluntary exchanges are by definition advantageous to their participants. Within this voluntary, mutually beneficial re…" by Ilana Mercer?

Ilana Mercer 288

South African writer

Related quotes

“In God is my being, my I, my strength, I no longer see union, for I know nothing more and can see nothing more than him alone without me. I do not know where the I is, nor do I seek it, nor do I wish to know or be cognizant of it my bliss, my desire. But this I that I often call so…in truth I no longer know what the I is, or the Mine, or desire, or the good, or bliss.”

Catherine of Genoa (1447–1510) Italian author and nurse

P.108.

“Values are not trendy items that are casually traded in.”

Ellen Goodman (1941) American journalist and writer

Attributed

“It is not true that on an exchange of commodities we give value for value. On the contrary, each of the two contracting parties in every case, gives a less for a greater value. … If we really exchanged equal values, neither party could make a profit. And yet, they both gain, or ought to gain. Why? The value of a thing consists solely in its relation to our wants. What is more to the one is less to the other, and vice versa. … It is not to be assumed that we offer for sale articles required for our own consumption. … We wish to part with a useless thing, in order to get one that we need; we want to give less for more. … It was natural to think that, in an exchange, value was given for value, whenever each of the articles exchanged was of equal value with the same quantity of gold. … But there is another point to be considered in our calculation. The question is, whether we both exchange something superfluous for something necessary.”

Étienne Bonnot de Condillac (1714–1780) French academic

Le Commerce et le Gouvernement (1776), as quoted in Marx's Capital, Vol. I, Ch. 5.

“This is the kind of capitalism I hate. This is bullying capitalism. Look, I am Igbo, I come from a trading culture. My people are merchant and I'm all for buying and selling. But capitalism has to be a fair exchange.”

Chimamanda Ngozi Adichie (1977) Nigerian writer

Paris review,2019 https://www.instagram.com/p/CWvTJmvqOLy/?utm_medium=copy_link

“My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.”

Robert T. Kiyosaki (1947) American finance author , investor

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money-That the Poor and the Middle Class Do Not!

“In God is my being, my I, my strength, my bliss, my desire. But this I that I often call so...in truth I no longer know what the I is, or the Mine, or desire, or the good, or bliss.”

Catherine of Genoa (1447–1510) Italian author and nurse

P. 108.

“The money received for sales has no other significance or value than its power to buy, and trade can only be imaged truly as an exchange of goods for goods in which the processes of selling and of buying are complementary.”

J.A. Hobson (1858–1940) English economist, social scientist and critic of imperialism

p, 125
The Morals of Economic Irrationalism (1920)

Étienne Bonnot de Condillac (1714–1780) French academic

… It is not to be assumed that we offer for sale articles required for our own consumption. … We wish to part with a useless thing, in order to get one that we need; we want to give less for more. … It was natural to think that, in an exchange, value was given for value, whenever each of the articles exchanged was of equal value with the same quantity of gold. … But there is another point to be considered in our calculation. The question is, whether we both exchange something superfluous for something necessary.
Le Commerce et le Gouvernement (1776), as quoted in Marx's Capital, Vol. I, Ch. 5.

“If I had a hundred kingdoms, I would trade them all for you, my dearest love. I
was nothing until you.”

Judith McNaught (1944) American writer

Source: Until You

“If, after I die, they should want to write my biography,
There's nothing simpler.
I've just two dates—of my birth, and of my death.
In between the one thing and the other all the days are mine.”

Fernando Pessoa (1888–1935) Portuguese poet, writer, literary critic, translator, publisher and philosopher

Se, depois de eu morrer, quiserem escrever a minha biografia,
Não há nada mais simples.
Tem só duas datas—a da minha nascença e a da minha morte.
Entre uma e outra coisa todos os dias são meus.
Alberto Caeiro (heteronym), "Se, depois de eu morrer" (8 November 1915), trans. Jonathan Griffin.
Source: Poems of Fernando Pessoa

Help us to complete the source, original and additional information

Ilana Mercer 288

Related quotes

Related topics