Saturday, 21 October 2017

Quote of the Day: “Exports are Costs; Imports are Benefits”


"What is true at the level of the household is here true at the level of the national economy: the goods and services that [New Zealanders] export to foreigners are the costs that we willingly incur in order to be able to import into our country the goods and services that we receive from foreigners in exchange.  Exports are the means; imports are the end.”

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