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Quote by P. J. O'Rourke

“Self-interest leads to honing your skills, the better to trade with.”

Quote by P. J. O'Rourke

Author

P. J. O'Rourke, born on November 14, 1947, is a renowned satirical writer known for his humorous and satirical commentary on political and social issues. His distinctive writing style, characterized by wit and sharpness, has won him a wide readership. more

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“Adam Smith pointed out that there were three things that make us more prosperous, in a general sort of way: freedom to pursue our own self-interest; specialization, which he called division of labor; and freedom of trade.”

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“Globalization is simply opening the free marketplace to encompass the entire world.”

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“Any trade that is voluntarily made is mutually beneficial, by definition, and, indeed, is balanced, by definition.”

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“It doesn't matter how many televisions and computers and pieces of stereo equipment the Chinese send to us, even if they're sending them to us only in return for some funny, little, green pieces of paper. That is a balanced trade. They got what they wanted: the green pieces of paper. We got what we wanted: the plush toys, the computers, the stereo components.”

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“There's no such thing as a trade deficit.”

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“There are no limits to our future if we don't put limits on our people.”

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“I've never been able to get it straight about what these people who are worried about the trade deficit are worried about. When they say that we're buying too much from overseas, that we're sending too many dollars overseas to get all these goods and services they got, they're saying that the American dollar is too strong and that is hurting our economy. And the result of this will be that the American dollar will get too weak, and that will hurt our economy.”

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“If the dollar weakens, then presumably all the things that we make in the United States - Buicks, for instance - can be sold cheap all over the world, and everyone will be buying our goods, and we'll get all sorts of yen-denominated, or yuan-denominated, or euro-denominated securities, and then everybody else will be worried.”

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“Nothing about economic growth in the United States over the course of the past 40, 50 years, during which time this has been continually happening, would indicate that we are being harmed in an overall sense by this.”

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“I don't see evidence of America being a poorer country than it was 20 years ago. I've seen impoverished devastation. I've seen places where things had been good and now they were very bad.”

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