There are non-market factors and market factors that cause businesses to leave. –Ryan McMaken
In this interview, Ryan McMaken does an excellent job of explaining how when companies pick up and move to another country that it is not all bad for the former host country or the new host country. He makes plain that it benefits both. The old country benefits by getting the same goods at a cheaper price, whereas the new country gets new jobs and an increased standard of living. Mercantilist capitalists love to moan and groan about how other countries take our jobs. They don’t. Unless you point to a federal reserve monetary policy that causes the value of our currency to bleed as prices in select industries jump 10% or more. Anyway, I strongly encourage you to give this a listen while driving or if you’re just kicking back. Enjoy.
HAPPENING NOW, Thinker Thursday with guest, Economist Ryan McMaken. Kelley and Kafer until 7pm! https://t.co/vEBswnNPDB
— 710 KNUS Denver (@710KNUS) April 8, 2016