Sunday, May 12, 2013

Another knight for our round table

I just discovered the YouTube channel of Bailey Norwood, an agricultural economics professor at Oklahoma State University. He also takes in interest the economic arguments of the "Buy Local" movement

And man on man does he put them out to pasture.

I'm always interested in seeing what approach other people make when they tackle this issue. The "transfer of wealth" focus is a solid tactic, as a major trade fallacy is that wealth is being lost in exchange for nothing when people trade. In fact, the amount of wealth on average stays the same and it is the form of wealth that is exchanged.

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