Free trade and the illusion of self sufficiency
Daniel Hannon:
...That is another reason why the Democrats are so wrong on their handling of energy where they have a policy of artificial scarcity while prohibiting trade in domestic production.
There are no farms in Singapore, nor mines, nor reservoirs. Yet Singapore is among the wealthiest and most successful places on Earth. Compare it to, say, North Korea, which has made a fetish out of self-sufficiency, and where pretty much the entire adult population is drafted to help at harvest time. Where would you rather live?
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