Friday, July 6, 2012

What if You Had to Buy American?

Image from
From the article

"Moreover, a complete end to imports would actually hurt the U.S. economy, because consumers and domestic companies would lose access to cheap goods."

"But financial experts say that it's best for America if you buy the cheapest product you can find without sacrificing quality. Their explanation rests on the concept of efficient manufacturing. An efficient producer creates the most valuable goods with the least possible expense, selling those items at lower prices than competitors who are less efficient. A country benefits when its manufacturers become more efficient."

My opinion: I think this article's treatment of the issue (Buying goods made in the US) is somewhat superficial, but it does highlight some counterpoints that seem rarely to be mentioned.

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